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The Values of Natural and Constructed Wetlands: A Meta-Analysis

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Author Info

  • Andrea Ghermandi

    (Zuckerberg Institute for Water Research, Ben-Gurion University of the Negev, Israel)

  • Jeroen C.J.M. van den Bergh

    (Universitat Autonoma de Barcelona)

  • Luke M. Brander

    (Institute for Environmental Studies)

  • Henri L.F. de Groot

    (VU University Amsterdam)

  • Paulo A.L.D. Nunes

    (Fondazione Eni Enrico Mattei)

Abstract

The values of goods and services provided by natural and constructed wetlands are examined through a meta-analysis of 418 observations of the economic value of 186 wetlands. Water quality improvement, non-consumptive recreation, and provision of natural habitat and biodiversity turn out to be highly valued services. Substitution effects are observed through the negative correlation between values and proximity to other wetlands. Values are found to increase with anthropogenic pressure. Constructed wetlands are highly valued for biodiversity enhancement, water quality improvement, and flood control. This study provides a substantially new contribution in relation to previous meta-analyses of the wetland valuation literature.

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Bibliographic Info

Paper provided by Tinbergen Institute in its series Tinbergen Institute Discussion Papers with number 09-080/3.

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Date of creation: 17 Sep 2009
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Handle: RePEc:dgr:uvatin:20090080

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Web page: http://www.tinbergen.nl

Related research

Keywords: constructed ecosystems; economic valuation; constructed wetlands; meta-regression; wetland values;

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References

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  1. Luke Brander & Raymond Florax & Jan Vermaat, 2006. "The Empirics of Wetland Valuation: A Comprehensive Summary and a Meta-Analysis of the Literature," Environmental & Resource Economics, European Association of Environmental and Resource Economists, European Association of Environmental and Resource Economists, vol. 33(2), pages 223-250, 02.
  2. Paulo A.L.D. Nunes & Elena Ojea & Maria Loureiro, 2009. "Mapping of Forest Biodiversity Values: A Plural Perspective," Working Papers, Fondazione Eni Enrico Mattei 2009.4, Fondazione Eni Enrico Mattei.
  3. Bergstrom, John C. & Taylor, Laura O., 2006. "Using meta-analysis for benefits transfer: Theory and practice," Ecological Economics, Elsevier, Elsevier, vol. 60(2), pages 351-360, December.
  4. Frans Bal & Peter Nijkamp, 1998. "In Search of Valid Results in a Complex Economic Environment," Tinbergen Institute Discussion Papers, Tinbergen Institute 98-005/3, Tinbergen Institute.
  5. Birol, Ekin & Karousakis, Katia & Koundouri, Phoebe, 2006. "Using a choice experiment to account for preference heterogeneity in wetland attributes: The case of Cheimaditida wetland in Greece," Ecological Economics, Elsevier, Elsevier, vol. 60(1), pages 145-156, November.
  6. Woodward, Richard T. & Wui, Yong-Suhk, 2001. "The economic value of wetland services: a meta-analysis," Ecological Economics, Elsevier, Elsevier, vol. 37(2), pages 257-270, May.
  7. Hoehn, John P., 2006. "Methods to address selection effects in the meta regression and transfer of ecosystem values," Ecological Economics, Elsevier, Elsevier, vol. 60(2), pages 389-398, December.
  8. Olof Byström, 2000. "The Replacement Value of Wetlands in Sweden," Environmental & Resource Economics, European Association of Environmental and Resource Economists, European Association of Environmental and Resource Economists, vol. 16(4), pages 347-362, August.
  9. Hein, Lars & van Koppen, Kris & de Groot, Rudolf S. & van Ierland, Ekko C., 2006. "Spatial scales, stakeholders and the valuation of ecosystem services," Ecological Economics, Elsevier, Elsevier, vol. 57(2), pages 209-228, May.
  10. Yang, Wu & Chang, Jie & Xu, Bin & Peng, Changhui & Ge, Ying, 2008. "Ecosystem service value assessment for constructed wetlands: A case study in Hangzhou, China," Ecological Economics, Elsevier, Elsevier, vol. 68(1-2), pages 116-125, December.
  11. Jon Nelson & Peter Kennedy, 2009. "The Use (and Abuse) of Meta-Analysis in Environmental and Natural Resource Economics: An Assessment," Environmental & Resource Economics, European Association of Environmental and Resource Economists, European Association of Environmental and Resource Economists, vol. 42(3), pages 345-377, March.
  12. Andrea Ghermandi & J.C.J.M. van den Bergh & L.M. Brander & H.L.F. de Groot & P.A.L.D. Nunes, 2008. "The Economic Value of Wetland Conservation and Creation: A Meta-Analysis," Working Papers, Fondazione Eni Enrico Mattei 2008.79, Fondazione Eni Enrico Mattei.
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Citations

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Cited by:
  1. Ghermandi, Andrea & Nunes, Paulo A.L.D., 2013. "A global map of coastal recreation values: Results from a spatially explicit meta-analysis," Ecological Economics, Elsevier, Elsevier, vol. 86(C), pages 1-15.
  2. Halkos, George, 2012. "Assessing the economic value of protecting artificial lakes," MPRA Paper 39557, University Library of Munich, Germany.
  3. Marwa E. Salem & D. Evan Mercer, 2012. "The Economic Value of Mangroves: A Meta-Analysis," Sustainability, MDPI, Open Access Journal, vol. 4(3), pages 359-383, March.
  4. Stephen Hynes & Daniel Norton & Nick Hanley, 2013. "Adjusting for Cultural Differences in International Benefit Transfer," Environmental & Resource Economics, European Association of Environmental and Resource Economists, European Association of Environmental and Resource Economists, vol. 56(4), pages 499-519, December.
  5. Aline Chiabai & Chiara Travisi & Anil Markandya & Helen Ding & Paulo Nunes, 2010. "Economic Assessment of Forest Ecosystem Services Losses: Cost of Policy Inaction," Working Papers, BC3 2010-13, BC3.

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