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Economic valuation of coastal and marine ecosystem services in the 21st century: an overview from a management perspective

Author

Listed:
  • Cati Torres

    (Applied Economics Department, Universitat de les Illes Balears.)

  • Nick Hanley

    (Department of Geography and Sustainable Development, University of St. Andrews)

Abstract

This report aims to provide, through an extensive review of the literature, a comprehensive overview of the current (2015) knowledge base regarding the valuation of coastal and marine ecosystem services (ES), placing emphasis on the analysis of both the policy implications of current studies as well as on existing challenges. It aims to contribute not only to the role EV/ECBA can play in the management of coastal and marine ecosystems, but also to promote discussion among social and ecological researchers about further research needs

Suggested Citation

  • Cati Torres & Nick Hanley, 2016. "Economic valuation of coastal and marine ecosystem services in the 21st century: an overview from a management perspective," Discussion Papers in Environment and Development Economics 2016-01, University of St. Andrews, School of Geography and Sustainable Development.
    • Handle: RePEc:sss:wpaper:2016-01
    as

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    File URL: http://www.st-andrews.ac.uk/media/dept-of-geography-and-sustainable-development/pdf-s/DP%202016%2001%20Torres%20&%20Hanley.pdf
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    References listed on IDEAS

    as
    1. Yamazaki, Satoshi & Rust, Steven & Jennings, Sarah & Lyle, Jeremy & Frijlink, Sven, 2013. "Valuing recreational fishing in Tasmania and assessment of response bias in contingent valuation," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 57(2), pages 193-193.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Norton, Daniel & Hynes, Stephen, 2018. "Estimating the Benefits of the Marine Strategy Framework Directive in Atlantic Member States: A Spatial Value Transfer Approach," Ecological Economics, Elsevier, vol. 151(C), pages 82-94.
    2. Cati Torres & Nick Hanley, 2016. "Communicating research on the economic valuation of coastal and marine ecosystem services," DEA Working Papers 81, Universitat de les Illes Balears, Departament d'Economía Aplicada.
    3. Mat Alipiah, Roseliza & Anang, Zuraini & Abdul Rashid, Noorhaslinda Kulub & Smart, James C. R. & Wan Ibrahim, Wan Noorwatie, 2018. "Aquaculturists Preference Heterogeneity towards Wetland Ecosystem Services: A Latent Class Discrete Choice Model," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 52(2), pages 253-266.

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    More about this item

    Keywords

    valuation; benefits transfer; marine and coastal ecosystem services; environmental cost-benefit analysis; policy analysis;
    All these keywords.

    JEL classification:

    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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