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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
    as

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    File URL: https://repec.its.waikato.ac.nz/wai/econwp/0905.pdf
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    References listed on IDEAS

    as
    1. Timothy C. Haab & Kenneth E. McConnell, 2002. "Valuing Environmental and Natural Resources," Books, Edward Elgar Publishing, number 2427.
    2. Richard T. Carson, 2011. "Contingent Valuation," Books, Edward Elgar Publishing, number 2489.
    3. Ian J. Bateman & Richard T. Carson & Brett Day & Michael Hanemann & Nick Hanley & Tannis Hett & Michael Jones-Lee & Graham Loomes, 2002. "Economic Valuation with Stated Preference Techniques," Books, Edward Elgar Publishing, number 2639.
    4. Robert D. Keall, 2000. "New Zealand," American Journal of Economics and Sociology, Wiley Blackwell, vol. 59(5), pages 417-438, November.
    Full references (including those not matched with items on IDEAS)

    Citations

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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.

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    More about this item

    Keywords

    native biodiversity; New Zealand; choice modelling; contingent valuation; well-being; community volunteers;
    All these keywords.

    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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