TY - JOUR
T1 - An evaluation of monetary and non-monetary techniques for assessing the importance of biodiversity and ecosystem services to people in countries with developing economies
AU - Christie, Mike
AU - Fazey, Ioan
AU - Cooper, Rob
AU - Hyde, Tony
AU - Kenter, Jasper O.
PY - 2012/11
Y1 - 2012/11
N2 - Biodiversity supports a range of ecosystems services that are of fundamental importance to people in poor countries. Economic valuation of biodiversity is important for the development of policies that protect biodiversity and alleviate poverty. This paper provides an evaluation of monetary and non-monetary techniques for assessing the value of biodiversity to people in least developed countries (LDCs). Specifically, research questions include:1) To what extent have monetary and non-monetary techniques been used to assess the value of biodiversity and ecosystem services in LDCs?2) What are the key methodological, practical, epistemological and policy challenges to assessing the value of biodiversity and ecosystem services in LDCs?3) How can valuation methods be improved to allow more accurate valuation in LDCs? (C) 2012 Elsevier B.V. All rights reserved.
AB - Biodiversity supports a range of ecosystems services that are of fundamental importance to people in poor countries. Economic valuation of biodiversity is important for the development of policies that protect biodiversity and alleviate poverty. This paper provides an evaluation of monetary and non-monetary techniques for assessing the value of biodiversity to people in least developed countries (LDCs). Specifically, research questions include:1) To what extent have monetary and non-monetary techniques been used to assess the value of biodiversity and ecosystem services in LDCs?2) What are the key methodological, practical, epistemological and policy challenges to assessing the value of biodiversity and ecosystem services in LDCs?3) How can valuation methods be improved to allow more accurate valuation in LDCs? (C) 2012 Elsevier B.V. All rights reserved.
KW - Biodiversity
KW - Deliberative valuation
KW - Developing countries
KW - Ecosystem services
KW - Environmental valuation
KW - Participatory approaches
KW - Poverty alleviation
UR - http://www.scopus.com/inward/record.url?scp=84868375560&partnerID=8YFLogxK
UR - http://hdl.handle.net/2160/9202
U2 - 10.1016/j.ecolecon.2012.08.012
DO - 10.1016/j.ecolecon.2012.08.012
M3 - Review Article
SN - 0921-8009
VL - 83
SP - 67
EP - 78
JO - Ecological Economics
JF - Ecological Economics
ER -
