Assessing national values to protect the health of the Great Barrier Reef
AbstractThe Great Barrier Reef (GBR) is a vast iconic environmental asset covering an area of approximately 35 million hectares. It is valued by people all over Australia, as well as overseas. Non-market values for the GBR will comprise both use and non-use values. The values of people who live closer to the GBR and who can visit it more frequently are likely to be higher than those who live further away. The aim of this study was to estimate the values to protect the health of the GBR at the national level and to examine the effects of distance decay on valuation estimates. A split-sample choice-modelling experiment was conducted in six locations: a regional town within the GBR catchment area (Townsville); Brisbane, the state capital approximately 450 km from the southern limit of the GBR; and four other capital cities (Sydney, Melbourne, Adelaide and Perth) ranging from 730 km to over 3600 km from Brisbane. The results indicate that the total national value for a 1 per cent improvement in the health of the GBR ranges from between a low of approximately $433.6 million to a high of $811.3 million, depending on the underlying assumptions made. There was some evidence of distance decay in values. Most decline occurred once outside the home state, and little further decline once away from the east coast. There was no evidence to suggest any difference in patterns of use and non-use values. The values of the potential future users were most influential in determining WTP estimates.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Australian National University, Environmental Economics Research Hub in its series Research Reports with number 96384.
Date of creation: Oct 2010
Date of revision:
Contact details of provider:
Postal: Crawford Building, Lennox Crossing, Building #132, Canberra ACT 0200
Phone: +61 2 6125 4705
Fax: +61 2 6125 5448
Web page: http://www.crawford.anu.edu.au/research_units/eerh/
More information through EDIRC
Environmental Economics and Policy;
This paper has been announced in the following NEP Reports:
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- van Bueren, Martin & Bennett, Jeffrey W., 2001.
"Towards the development of a transferable set of value estimates for environmental attributes,"
2001 Conference (45th), January 23-25, 2001, Adelaide
125993, Australian Agricultural and Resource Economics Society.
- van Bueren, Martin & Bennett, Jeffrey W., 2004. "Towards the development of a transferable set of value estimates for environmental attributes," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 48(1), March.
- Robert Gillespie & Jeff Bennett, 2010.
"Non Use Economic Values of Marine Protected Areas in the South-West Marine Region,"
Environmental Economics Research Hub Research Reports
1083, Environmental Economics Research Hub, Crawford School of Public Policy, The Australian National University.
- Gillespie, Robert & Bennett, Jeffrey W., 2010. "Non Use Economic Values of Marine Protected Areas in the South-West Marine Region," Research Reports 107582, Australian National University, Environmental Economics Research Hub.
- Robert Gillespie & Jeff Bennett, 2011. "Non Use Economic Values of Marine Protected Areas in the South-West Marine Area," Environmental Economics Research Hub Research Reports 10103, Environmental Economics Research Hub, Crawford School of Public Policy, The Australian National University.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search).
If references are entirely missing, you can add them using this form.