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Environmental valuation and its implications on the costs and benefits of a hydroelectric project in Kerala, India

Author

Listed:
  • V. Santhakumar

    (Centre for Development Studies)

  • Achin Chakraborty

    (Centre for Development Studies)

Abstract

Although significant developments have taken place in the area of valuation of the environment, the gap between theoretical principles and their operationalisation still remains. This paper makes an attempt to contribute towards bridging this gap. It explores the ways of `doing' environmental valuation in practice in the specific context of a proposed hydroelectric project. Valuation is done within the overall framework of cost-benefit analysis. In the process, a number of methodological issues in environmental cost-benefit analysis have been dealt with.

Suggested Citation

  • V. Santhakumar & Achin Chakraborty, 2000. "Environmental valuation and its implications on the costs and benefits of a hydroelectric project in Kerala, India," Centre for Development Studies, Trivendrum Working Papers 309, Centre for Development Studies, Trivendrum, India.
    • Handle: RePEc:ind:cdswpp:309
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    References listed on IDEAS

    as
    1. Dixon, J.A. & Talbot, L.M. & Le Moigne, G.J-M., 1989. "Dams And The Environment - Considerations In World Bank Projects," Papers 110, World Bank - Technical Papers.
    2. Munda, G. & Nijkamp, P. & Rietveld, P., 1992. "Fuzzy multigroup conflict resolution for environmental management," Serie Research Memoranda 0067, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
    3. Dixit, Avinash & Norman, Victor, 1986. "Gains from trade without lump-sum compensation," Journal of International Economics, Elsevier, vol. 21(1-2), pages 111-122, August.
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    JEL classification:

    • H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate

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