Alam, Khorshed and Marinova, Dora (2006) Sustainability and river restoration. In: 35th Australian Conference of Economists (ACE 2006), 25-27 Sep 2006, Perth, Western Australia.
Text (Published Version)
One of the major problems causing the accelerating widespread destruction and degradation of the natural environment is the undervaluing of the protection and restoration of environmental resources that takes place in the decision making process. This paper argues that non-market values need to be incorporated in the benefit estimation process to make the concept of sustainability operational under the current market mechanism. It uses the case study of the Buriganga, a vulnerable river in Bangladesh, to demonstrate that a failure to account for such benefits could lead to gross underestimation of the desirability of providing public funding for its restoration.
|Item Type:||Conference or Workshop Item (Commonwealth Reporting Category E) (Paper)|
|Additional Information:||Authors retain copyright.|
|Uncontrolled Keywords:||benefit estimation; Buriganga River; contingent valuation; total economic value|
|Subjects:||340000 Economics > 340200 Applied Economics > 340202 Environment and Resource Economics|
|Depositing User:||Dr Khorshed Alam|
|Date Deposited:||11 Oct 2007 01:20|
|Last Modified:||17 Sep 2013 04:38|
Actions (login required)
|Archive Repository Staff Only|