IDEAS home Printed from https://ideas.repec.org/p/ags/semrui/266406.html
   My bibliography  Save this paper

The Value of achieving Good Environmental Status in the North East Atlantic using Contingent Valuation and Value Transfer

Author

Listed:
  • Norton, Daniel
  • Hynes, Stephen

Abstract

This paper uses a combination of the contingent valuation method (CVM) and value transfer (VT) to estimate the non-market benefit values associated with the achievement of good (marine) environmental status (GES) as specified in the EU Marine Strategy Framework Directive (MSFD) for Atlantic member states. The increased use of geographic information systems in VT means that many VT exercises now include spatial elements such as distance decay and population density. This paper explores the impact of distance decay on welfare estimates as well as the impact of the modifiable area unit problem when population density is included as an explanatory variable. These issues can have a large effect on a VT estimate. In this study the overall value for achieving GES for Atlantic member states varied between €2.37 billion and €3.64 billion. It was found that the different distance decay specifications changed values between -3% and 82% with a mean absolute difference of 25% and by adjusting the spatial scale in an effort to overcome the MAUP changed aggregate values between 13% and 25% with a mean of 17%.

Suggested Citation

  • Norton, Daniel & Hynes, Stephen, 2017. "The Value of achieving Good Environmental Status in the North East Atlantic using Contingent Valuation and Value Transfer," Working Papers 266406, National University of Ireland, Galway, Socio-Economic Marine Research Unit.
    • Handle: RePEc:ags:semrui:266406
    DOI: 10.22004/ag.econ.266406
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/266406/files/The%20Value%20of%20achieving%20Good%20Environmental%20Status%20in%20the%20North%20East%20Atlantic%20using%20Contingent%20Valuation%20and%20Value%20Transfer.pdf
    Download Restriction: no
    File URL: https://ageconsearch.umn.edu/record/266406/files/The%20Value%20of%20achieving%20Good%20Environmental%20Status%20in%20the%20North%20East%20Atlantic%20using%20Contingent%20Valuation%20and%20Value%20Transfer.pdf?subformat=pdfa
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.266406?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    Environmental Economics and Policy;

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:semrui:266406. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/semgaie.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.