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Valuing ecosystem services for improved national accounting: A pilot study from Madagascar

Author

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  • Onofri, Laura
  • Lange, Glenn Marie
  • Portela, Rosimeiry
  • Nunes, Paulo A.L.D.

Abstract

The present paper proposes a micro-econometric methodology for the economic valuation of the impact of ecosystem services in selected economic sectors. In the context of natural capital and ecosystem accounting, we built a four steps valuation protocol. The methodology is applied to the valuation of freshwater in the Ankeniheny-Zahamena Forestry Corridor (CAZ), Madagascar – a country partner with the Wealth Accounting and the Valuation of Ecosystem Services (WAVES). Our results corroborate the intuition that understanding the value of water in its alternative uses is a key to fostering informed debate on water management and allocation in the CAZ area. More generally, this study provides a solid contribution towards a more effective way to elicit and record nature's ecosystem services contribution to the economy.

Suggested Citation

  • Onofri, Laura & Lange, Glenn Marie & Portela, Rosimeiry & Nunes, Paulo A.L.D., 2017. "Valuing ecosystem services for improved national accounting: A pilot study from Madagascar," Ecosystem Services, Elsevier, vol. 23(C), pages 116-126.
    • Handle: RePEc:eee:ecoser:v:23:y:2017:i:c:p:116-126
    DOI: 10.1016/j.ecoser.2016.11.016
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    References listed on IDEAS

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    Cited by:

    1. Acharya, Ram Prasad & Maraseni, Tek & Cockfield, Geoff, 2019. "Global trend of forest ecosystem services valuation – An analysis of publications," Ecosystem Services, Elsevier, vol. 39(C).
    2. Ghermandi, Andrea & Obura, David & Knudsen, Camilla & Nunes, Paulo A.L.D., 2019. "Marine ecosystem services in the Northern Mozambique Channel: A geospatial and socio-economic analysis for policy support," Ecosystem Services, Elsevier, vol. 35(C), pages 1-12.
    3. da Mosto, Jane & Bertolini, Camilla & Markandya, Anil & Nunes, Paulo A.L.D. & Spencer, Tom & Palaima, Arnas & Onofri, Laura, 2020. "Rethinking Venice from an Ecosystem Services Perspective," FACTS: Firms And Cities Towards Sustainability 308019, Fondazione Eni Enrico Mattei (FEEM) > FACTS: Firms And Cities Towards Sustainability.
    4. Yang, Yi & Jia, Yuwei & Ling, Sun & Yao, Congxu, 2021. "Urban natural resource accounting based on the system of environmental economic accounting in Northwest China: A case study of Xi’an," Ecosystem Services, Elsevier, vol. 47(C).
    5. van Soesbergen, Arnout & Mulligan, Mark, 2018. "Uncertainty in data for hydrological ecosystem services modelling: Potential implications for estimating services and beneficiaries for the CAZ Madagascar," Ecosystem Services, Elsevier, vol. 33(PB), pages 175-186.
    6. Accatino, Francesco & Tonda, Alberto & Dross, Camille & Léger, François & Tichit, Muriel, 2019. "Trade-offs and synergies between livestock production and other ecosystem services," Agricultural Systems, Elsevier, vol. 168(C), pages 58-72.

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    More about this item

    Keywords

    C2; C3; D24; Q56; Ecosystem services; Production function; Value of the marginal productivity; Natural capital and ecosystem services accounting; Monetary valuation; Sustainable land use management;
    All these keywords.

    JEL classification:

    • C2 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables
    • C3 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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