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Valuing Australia's protected areas: A life satisfaction approach

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  • Christopher L. Ambrey
  • Christopher M. Fleming

Abstract

This paper uses the life satisfaction approach to value Australia's protected areas, grouped by International Union for Conservation of Nature (IUCN) categories. We find significant positive life satisfaction effects of living in close proximity to protected areas in three of the seven categories. These life satisfaction effects correspond to implicit willingness-to-pays, in terms of annual household income, ranging from AUD$2950 to AUD$9650 for a 1% increase in the extent of that category of protected area within an individual's local area. This study therefore provides insights for policy makers in estimating the benefits of non-market goods provision.

Suggested Citation

  • Christopher L. Ambrey & Christopher M. Fleming, 2012. "Valuing Australia's protected areas: A life satisfaction approach," New Zealand Economic Papers, Taylor & Francis Journals, vol. 46(3), pages 191-209, December.
    • Handle: RePEc:taf:nzecpp:v:46:y:2012:i:3:p:191-209
    DOI: 10.1080/00779954.2012.697354
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    1. Mark Wooden & Diana Warren & Robert Drago, 2009. "Working Time Mismatch and Subjective Well‐being," British Journal of Industrial Relations, London School of Economics, vol. 47(1), pages 147-179, March.
    2. Nicole Watson & Mark Wooden, 2004. "Sample Attrition in the HILDA Survey," Australian Journal of Labour Economics (AJLE), Bankwest Curtin Economics Centre (BCEC), Curtin Business School, vol. 7(2), pages 293-308, June.
    3. Smyth, Russell & Mishra, Vinod & Qian, Xiaolei, 2008. "The Environment and Well-Being in Urban China," Ecological Economics, Elsevier, vol. 68(1-2), pages 547-555, December.
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    1. Krekel, Christian & Kolbe, Jens & Wüstemann, Henry, 2016. "The greener, the happier? The effect of urban land use on residential well-being," Ecological Economics, Elsevier, vol. 121(C), pages 117-127.
    2. Christopher L. Ambrey & Peter Daniels, 2017. "Happiness and footprints: assessing the relationship between individual well-being and carbon footprints," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 19(3), pages 895-920, June.
    3. Kubiszewski, Ida & Zakariyya, Nabeeh & Costanza, Robert, 2018. "Objective and Subjective Indicators of Life Satisfaction in Australia: How Well Do People Perceive What Supports a Good Life?," Ecological Economics, Elsevier, vol. 154(C), pages 361-372.
    4. Bertram, Christine & Rehdanz, Katrin, 2015. "The role of urban green space for human well-being," Ecological Economics, Elsevier, vol. 120(C), pages 139-152.
    5. Ambrey, Christopher L. & Chan, Andrew Yiu-Chung & Fleming, Christopher M., 2013. "Estimating the cost of air pollution in South East Queensland: An application of the life satisfaction non-market valuation approach," 2013 Conference (57th), February 5-8, 2013, Sydney, Australia 152133, Australian Agricultural and Resource Economics Society.
    6. Yuan, Liang & Shin, Kongjoo & Managi, Shunsuke, 2018. "Subjective Well-being and Environmental Quality: The Impact of Air Pollution and Green Coverage in China," Ecological Economics, Elsevier, vol. 153(C), pages 124-138.

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    More about this item

    JEL classification:

    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • R20 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - General

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