Estimating the economic value of river restoration
Article
Article Title | Estimating the economic value of river restoration |
---|---|
ERA Journal ID | 35275 |
Article Category | Article |
Authors | Alam, M. Khorshed (Author) and Marinova, Dora (Author) |
Journal Title | Transformations |
Journal Citation | 16 (Special issue), pp. 183-203 |
Number of Pages | 21 |
Year | 2008 |
Place of Publication | Warsaw, Poland |
ISSN | 1444-3775 |
Abstract | One of the major problems causing the accelerating widespread destruction and degradation of the natural environment is the undervaluing of the protection and restoration of environmental resources that takes place in the decision making process. This paper argues that non-market values need to be incorporated in the benefit estimation process to make the concept of sustainability operational under the current market mechanism. It uses the case study of the Buriganga, a vulnerable river in Bangladesh, to demonstrate that a failure to account for such benefits could lead to gross underestimation of the desirability of providing public funding for its restoration. |
Keywords | Bangladesh; benefit estimation; Buriganga River; contingent valuation; total economic value |
ANZSRC Field of Research 2020 | 300210. Sustainable agricultural development |
380105. Environment and resource economics | |
410404. Environmental management | |
Public Notes | File reproduced in accordance with the copyright policy of the publisher/author. |
Byline Affiliations | School of Accounting, Economics and Finance |
Curtin University of Technology |
https://research.usq.edu.au/item/9yy63/estimating-the-economic-value-of-river-restoration
Download files
2151
total views213
total downloads1
views this month1
downloads this month