Valuing the environment in developing countries: Problems and potentials
Non-market valuation techniques have often been transferred to developing countries without taking into account their social, economic, political and cultural settings. For instance, the same kind of elicitation method is applied in developing countries, although many of the respondents are extremely poor and many of their economic activities are outside the purview of the monetary mechanism. This paper reports research in a developing country context where the conventional contingent valuation method is extended to include respondents’ preference in terms of time for the restoration of a vulnerable river, irrespective of their decision to contribute money.
|Date of creation:||2005|
|Date of revision:|
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- Russell, Clifford S., 2001. "Applying Economics to the Environment," OUP Catalogue, Oxford University Press, number 9780195126846, July.
- Dale Whittington, 1996.
"Administering Contingent Valuation Surveys in Developing Countries,"
EEPSEA Special and Technical Paper
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- Edward B. Barbier & Mark Cox, 2003. "Does Economic Development Lead to Mangrove Loss? A Cross-Country Analysis," Contemporary Economic Policy, Western Economic Association International, vol. 21(4), pages 418-432, October.
- Peter A. Diamond & Jerry A. Hausman, 1994. "Contingent Valuation: Is Some Number Better than No Number?," Journal of Economic Perspectives, American Economic Association, vol. 8(4), pages 45-64, Fall.
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