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The Economic Value of Biodiversity in New Zealand: Results from a Household Survey

Author

Listed:
  • Pamela Kaval

    () (University of Waikato)

  • Richard Yao

    () (University of Waikato)

  • Frank Scrimgeour

    () (University of Waikato)

Abstract

This paper presents the results of a national study examining the economic value of biodiversity in New Zealand. Three valuation techniques were used to collect information from respondents: the contingent valuation method, the well-being method and the choice modelling method. Results revealed that respondents were familiar with the native plants and animals in their areas and valued them highly, therefore having a strong value for native biodiversity.

Suggested Citation

  • Pamela Kaval & Richard Yao & Frank Scrimgeour, 2009. "The Economic Value of Biodiversity in New Zealand: Results from a Household Survey," Working Papers in Economics 09/05, University of Waikato.
  • Handle: RePEc:wai:econwp:09/05
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    File URL: ftp://wms-webprod1.mngt.waikato.ac.nz/RePEc/wai/econwp/0905.pdf
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    References listed on IDEAS

    as
    1. Robert D. Keall, 2000. "New Zealand," American Journal of Economics and Sociology, Wiley Blackwell, vol. 59(5), pages 417-438, November.
    2. Richard T. Carson, 2011. "Contingent Valuation," Books, Edward Elgar Publishing, number 2489.
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    Cited by:

    1. Yao, Richard T. & Scarpa, Riccardo & Turner, James A. & Barnard, Tim D. & Rose, John M. & Palma, João H.N. & Harrison, Duncan R., 2014. "Valuing biodiversity enhancement in New Zealand's planted forests: Socioeconomic and spatial determinants of willingness-to-pay," Ecological Economics, Elsevier, vol. 98(C), pages 90-101.

    More about this item

    Keywords

    native biodiversity; New Zealand; choice modelling; contingent valuation; well-being; community volunteers;

    JEL classification:

    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics
    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
    • Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water

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