Measuring total value of a river cleanup

Alam, Khorshed and Marinova, Dora (2003) Measuring total value of a river cleanup. Water Science and Technology, 48 (7). pp. 149-156. ISSN 0273-1223

Abstract

The paper estimates the total value for the community of the cleanup of the Buriganga River in Bangladesh. Dhaka, the capital of Bangladesh, was developed on the bank of the Buriganga River in the early 1600s. The river is now near to dead mainly due to human interventions. The paper develops a hypothetical cleanup programme to improve the water quality, which will help the overall environment in and around the river. The value of this programme is estimated within the framework of the total economic value; non-marketed benefits are measured through a contingent valuation survey and marketed benefits are estimated using market and shadow prices. The major findings of the survey suggest that not only are a significant proportion of the respondents willing to pay for the cleanup programme, but many are also willing to contribute in non-monetary ways (mainly their time). When the latter contribution is monetised, it represents 60% of the total willingness to pay value for the non-marketed benefits. The marketed benefits are estimated to represent 58% of the overall value of the cleanup program (US$ 18.6 million/year). A failure to account for all benefits could lead to gross underestimation of the desirability of providing public funding for the cleanup of dying rivers.


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Item Type: Article (Commonwealth Reporting Category C)
Refereed: Yes
Item Status: Live Archive
Additional Information: Permanent restricted access to paper due to publisher copyright restrictions.
Depositing User: Dr Khorshed Alam
Faculty / Department / School: Historic - Faculty of Business - Department of Economics and Resource Management
Date Deposited: 11 Oct 2007 01:04
Last Modified: 02 Jul 2013 22:44
Uncontrolled Keywords: Buriganga River, contingent valuation, river cleanup, total economic value
Fields of Research (FOR2008): 14 Economics > 1402 Applied Economics > 140205 Environment and Resource Economics
14 Economics > 1402 Applied Economics > 140219 Welfare Economics
URI: http://eprints.usq.edu.au/id/eprint/2382

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