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The Port and its Environment: Methodological Approach for Economic Appraisal

Author

Listed:
  • Salvador del Saz-Salazar

    (University of Valencia)

  • Leandro García-Menéndez

    (University of Valencia)

  • Olaf Merk

    (OECD)

Abstract

In times of increasing environmental awareness, the port-city relationship has gained a new meaning since ports have been seen as the origin of both negative and positive externalities affecting the public wellbeing. While the former are the result of port expansion, the latter are the result of transforming obsolete port areas into recreational facilities. Therefore, in order to support effective policy-making, in this research is emphasized the need of measuring these environmental externalities. Considering their non-market nature, the contingent valuation method is introduced as an economic tool capable of overcoming this obstacle. Thus, the cases of two ports in Spain, namely Valencia and Castellón, are reviewed. The policy implications of this are discussed with the aim to improve the understanding of the changing relationship between ports and cities.

Suggested Citation

  • Salvador del Saz-Salazar & Leandro García-Menéndez & Olaf Merk, 2013. "The Port and its Environment: Methodological Approach for Economic Appraisal," OECD Regional Development Working Papers 2013/24, OECD Publishing.
    • Handle: RePEc:oec:govaab:2013/24-en
    DOI: 10.1787/5k3v1dvb1dd2-en
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    More about this item

    Keywords

    contingent valuation; economic appraisal; environmental externalities; port expansion; port-city relationship; waterfront redevelopment;
    All these keywords.

    JEL classification:

    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
    • R14 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Land Use Patterns

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