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The Economic Value of Mangroves: A Meta-Analysis

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  • Marwa E. Salem

    (Department of Economics, North Carolina State University, 2801 Founders Drive, Raleigh, NC 27695, USA
    Faculty of Economics and Political Science, Cairo University, Tharwat St., Giza, 12613, Egypt)

  • D. Evan Mercer

    (Southern Research Station, USDA Forest Service, PO Box 12254, Research Triangle Park, NC 27709, USA)

Abstract

This paper presents a synthesis of the mangrove ecosystem valuation literature through a meta-regression analysis. The main contribution of this study is that it is the first meta-analysis focusing solely on mangrove forests, whereas previous studies have included different types of wetlands. The number of studies included in the regression analysis is 44 for a total of 145 observations. We include several regressions with the objective of addressing outliers in the data as well as the possible correlations between observations of the same study. We also investigate possible interaction effects between type of service and GDP per capita. Our findings indicate that mangroves exhibit decreasing returns to scale, that GDP per capita has a positive effect on mangrove values and that using the replacement cost and contingent valuation methods produce higher estimates than do other methods. We also find that there are statistically significant interaction effects that influence the data. Finally, the results indicate that employing weighted regressions provide a better fit than others. However, in terms of forecast performance we find that all the estimated models performed similarly and were not able to conclude decisively that one outperforms the other.

Suggested Citation

  • Marwa E. Salem & D. Evan Mercer, 2012. "The Economic Value of Mangroves: A Meta-Analysis," Sustainability, MDPI, vol. 4(3), pages 1-25, March.
    • Handle: RePEc:gam:jsusta:v:4:y:2012:i:3:p:359-383:d:16556
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    2. Jorge H. Maldonado & Rocío Moreno Sánchez & Myriam Elizabeth Vargas Morales & Juan Pablo Henao Henao & Yurani González Tarazona & Roberto Guerrero Compeán & Maja Schling, 2020. "Análisis económico de proyectos para protección costera y restauración de ecosistemas en el Gran Caribe: métodos, desafíos e innovaciones," Documentos CEDE 18183, Universidad de los Andes, Facultad de Economía, CEDE.
    3. Michael Getzner & Muhammad Shariful Islam, 2020. "Ecosystem Services of Mangrove Forests: Results of a Meta-Analysis of Economic Values," IJERPH, MDPI, vol. 17(16), pages 1-13, August.
    4. Nibedita Mukherjee & Jean Huge & Farid Dahdouh-Guebas & Nico Koedam, 2014. "Ecosystem service valuations of mangrove ecosystems to inform decision making and future valuation exercises," ULB Institutional Repository 2013/217963, ULB -- Universite Libre de Bruxelles.
    5. Md. Ali Akber & Muhammad Mainuddin Patwary & Md. Atikul Islam & Mohammad Rezaur Rahman, 2018. "Storm protection service of the Sundarbans mangrove forest, Bangladesh," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 94(1), pages 405-418, October.
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    7. Hyo-Jin Kim & Seul-Ye Lim & Seung-Hoon Yoo, 2017. "The Convenience Benefits of the District Heating System over Individual Heating Systems in Korean Households," Sustainability, MDPI, vol. 9(8), pages 1-12, August.
    8. Chaikumbung, Mayula & Doucouliagos, Hristos & Scarborough, Helen, 2016. "The economic value of wetlands in developing countries: A meta-regression analysis," Ecological Economics, Elsevier, vol. 124(C), pages 164-174.
    9. Quoc Vo, Tuan & Kuenzer, C. & Oppelt, N., 2015. "How remote sensing supports mangrove ecosystem service valuation: A case study in Ca Mau province, Vietnam," Ecosystem Services, Elsevier, vol. 14(C), pages 67-75.
    10. Truong, Thuy Dang & Do, Luat Huu, 2018. "Mangrove forests and aquaculture in the Mekong river delta," Land Use Policy, Elsevier, vol. 73(C), pages 20-28.
    11. Schild, Johanna E.M. & Vermaat, Jan E. & de Groot, Rudolf S. & Quatrini, Simone & van Bodegom, Peter M., 2018. "A global meta-analysis on the monetary valuation of dryland ecosystem services: The role of socio-economic, environmental and methodological indicators," Ecosystem Services, Elsevier, vol. 32(PA), pages 78-89.
    12. Zamboni, Nadia Selene & Noleto Filho, Eurico Mesquita & Carvalho, Adriana Rosa, 2021. "Unfolding differences in the distribution of coastal marine ecosystem services values among developed and developing countries," Ecological Economics, Elsevier, vol. 189(C).
    13. Heru Susilo & Yoshifumi Takahashi & Mitsuyasu Yabe, 2017. "The Opportunity Cost of Labor for Valuing Mangrove Restoration in Mahakam Delta, Indonesia," Sustainability, MDPI, vol. 9(12), pages 1-13, November.
    14. Taye, Fitalew Agimass & Folkersen, Maja Vinde & Fleming, Christopher M. & Buckwell, Andrew & Mackey, Brendan & Diwakar, K.C. & Le, Dung & Hasan, Syezlin & Ange, Chantal Saint, 2021. "The economic values of global forest ecosystem services: A meta-analysis," Ecological Economics, Elsevier, vol. 189(C).
    15. M. Brander, Luke & J. Wagtendonk, Alfred & S. Hussain, Salman & McVittie, Alistair & Verburg, Peter H. & de Groot, Rudolf S. & van der Ploeg, Sander, 2012. "Ecosystem service values for mangroves in Southeast Asia: A meta-analysis and value transfer application," Ecosystem Services, Elsevier, vol. 1(1), pages 62-69.
    16. Nibedita Mukherjee & William J Sutherland & Lynn Dicks & Jean Hugé & Nico Koedam & Farid Dahdouh-Guebas, 2014. "Ecosystem Service Valuations of Mangrove Ecosystems to Inform Decision Making and Future Valuation Exercises," PLOS ONE, Public Library of Science, vol. 9(9), pages 1-9, September.
    17. Stoeckl, Natalie & Condie, Scott & Anthony, Ken, 2021. "Assessing changes to ecosystem service values at large geographic scale: A case study for Australia’s Great Barrier Reef," Ecosystem Services, Elsevier, vol. 51(C).
    18. Rumahorbo Basa T. & Hamuna Baigo & Keiluhu Henderina J., 2020. "An assessment of the coastal ecosystem services of Jayapura City, Papua Province, Indonesia," Environmental & Socio-economic Studies, Sciendo, vol. 8(2), pages 45-53, June.
    19. Mojtaba Fakhraee & Noah J. Planavsky & Christopher T. Reinhard, 2023. "Ocean alkalinity enhancement through restoration of blue carbon ecosystems," Nature Sustainability, Nature, vol. 6(9), pages 1087-1094, September.
    20. Yamamoto, Yuki, 2023. "Living under ecosystem degradation: Evidence from the mangrove–fishery linkage in Indonesia," Journal of Environmental Economics and Management, Elsevier, vol. 118(C).
    21. Yu-Chi Chen & Chun-Han Shih, 2019. "Sustainable Management of Coastal Wetlands in Taiwan: A Review for Invasion, Conservation, and Removal of Mangroves," Sustainability, MDPI, vol. 11(16), pages 1-16, August.
    22. Stoeckl, Natalie & Dodd, Aaron & Kompas, Tom, 2023. "The monetary value of 16 services protected by the Australian National Biosecurity System: Spatially explicit estimates and vulnerability to incursions," Ecosystem Services, Elsevier, vol. 60(C).
    23. Hernández-Blanco, Marcello & Costanza, Robert & Cifuentes-Jara, Miguel, 2021. "Economic valuation of the ecosystem services provided by the mangroves of the Gulf of Nicoya using a hybrid methodology," Ecosystem Services, Elsevier, vol. 49(C).
    24. Gasmi, Farid & Recuero Virto, Laura & Couvet, Denis, 2022. "Empirical analysis of the anthropogenic pressure on the mangrove blue carbon-economic growth relationship," TSE Working Papers 22-1307, Toulouse School of Economics (TSE).
    25. Anneboina, Lavanya Ravikanth & Kavi Kumar, K.S., 2017. "Economic analysis of mangrove and marine fishery linkages in India," Ecosystem Services, Elsevier, vol. 24(C), pages 114-123.

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