Sustainability and river restoration

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.

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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.

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Item Type: Conference or Workshop Item (Commonwealth Reporting Category E) (Paper)
Refereed: Yes
Item Status: Live Archive
Additional Information: Authors retain copyright.
Faculty / Department / School: Historic - Faculty of Business - Department of Economics and Resource Management
Date Deposited: 11 Oct 2007 01:20
Last Modified: 17 Sep 2013 04:38
Uncontrolled Keywords: benefit estimation; Buriganga River; contingent valuation; total economic value
Fields of Research : 14 Economics > 1402 Applied Economics > 140205 Environment and Resource Economics
16 Studies in Human Society > 1605 Policy and Administration > 160507 Environment Policy
05 Environmental Sciences > 0502 Environmental Science and Management > 050206 Environmental Monitoring
Socio-Economic Objective: B Economic Development > 91 Economic Framework > 9199 Other Economic Framework > 919902 Ecological Economics

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