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The economic value of NBS restoration measures and their benefits in a river basin context: A meta-analysis regression

Author

Listed:
  • Nabila Arfaoui

    () (University Catholic of Lyon, ESDES)

  • Amandine Gnonlonfin

    () (Université de Nice/IMREDD)

Abstract

The study collects original monetary estimates for Nature Based Solutions (NBS) and benefits, with restoration approach in a basin context. A database of 187 monetary estimates is constructed to perform the first meta-analysis, which will assess how individuals value the NBS restoration measures and their benefits. We find that individuals value, in particular, global climate regulation, local environmental regulation, recreational activities, and habitat and biodiversity benefits. We find also that NBS measures aimed at floodplains and river streams are more highly valued. The results of this study suggest that the Willingness-to-pay (WTP) is weakly influenced by the methodological variables. While the contingent valuation method affects the WTP compared to studies using choice experiments, the payment and econometric method means have only a marginal effect. Survey modes are never significant. Finally, studies on the US and Europe country contexts show higher WTP than those conducted in Asia.

Suggested Citation

  • Nabila Arfaoui & Amandine Gnonlonfin, 2019. "The economic value of NBS restoration measures and their benefits in a river basin context: A meta-analysis regression," Policy Papers 2019.02, FAERE - French Association of Environmental and Resource Economists.
  • Handle: RePEc:fae:ppaper:2019.02
    as

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    File URL: http://faere.fr/pub/PolicyPapers/Arfaoui_Gnonlonfin_FAERE_PP2019_02.pdf
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    References listed on IDEAS

    as
    1. Grischa Perino & Barnaby Andrews & Andreas Kontoleon & Ian Bateman, 2014. "The Value of Urban Green Space in Britain: A Methodological Framework for Spatially Referenced Benefit Transfer," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 57(2), pages 251-272, February.
    2. Kelly Giraud & John Loomis & Joseph Cooper, 2001. "A Comparison of Willingness to Pay Estimation Techniques From Referendum Questions," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 20(4), pages 331-346, December.
    3. Loomis, John & Kent, Paula & Strange, Liz & Fausch, Kurt & Covich, Alan, 2000. "Measuring the total economic value of restoring ecosystem services in an impaired river basin: results from a contingent valuation survey," Ecological Economics, Elsevier, vol. 33(1), pages 103-117, April.
    4. Markus Bliem & Michael Getzner, 2012. "Willingness-to-pay for river restoration: differences across time and scenarios," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 14(3), pages 241-260, July.
    5. Farber, Stephen & Griner, Brian, 2000. "Valuing watershed quality improvements using conjoint analysis," Ecological Economics, Elsevier, vol. 34(1), pages 63-76, July.
    6. Milon, J. Walter & Scrogin, David, 2006. "Latent preferences and valuation of wetland ecosystem restoration," Ecological Economics, Elsevier, vol. 56(2), pages 162-175, February.
    7. Zhongmin, Xu & Guodong, Cheng & Zhiqiang, Zhang & Zhiyong, Su & Loomis, John, 2003. "Applying contingent valuation in China to measure the total economic value of restoring ecosystem services in Ejina region," Ecological Economics, Elsevier, vol. 44(2-3), pages 345-358, March.
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    More about this item

    Keywords

    Nature Based Solution (NBS); Meta-Analysis; Ecosystem services; Willingness To Pay;

    JEL classification:

    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

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