The economic value of wetlands in developing countries: A meta-regression analysis

Mayula Chaikumbung, Chris Doucouliagos and Helen Scarborough

Ecological Economics, 2016, vol. 124, issue C, 164-174

Abstract: This paper presents the first comprehensive synthesis of economic valuations of wetlands in developing countries. Meta-regression analysis (MRA) is applied to 1432 estimates of the economic value of 379 distinct wetlands from 50 countries. We find that wetlands are a normal good, wetland size has a negative effect on wetland values, and urban wetlands and marine wetlands are more valuable than other wetlands. Wetland values estimated by stated preferences are lower than those estimated by market price methods. The MRA benefit transfer function has a median transfer error of 17%. Overall, MRA appears to be useful for deriving the economic value of wetlands at policy sites in developing nations.

Keywords: Ecosystem services; Value transfer; Wetlands; Developing countries (search for similar items in EconPapers)
JEL-codes: Q25 Q51 Q57 (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations: View citations in EconPapers (42)

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Working Paper: The economic value of wetlands in developing countries: a meta-regression analysis (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolec:v:124:y:2016:i:c:p:164-174

DOI: 10.1016/j.ecolecon.2016.01.022

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