Estimating the economic value of river restoration

Alam, M. Khorshed and Marinova, Dora (2008) Estimating the economic value of river restoration. Transformations, 16 (Specia). pp. 183-203. ISSN 1230-0292

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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: Article (Commonwealth Reporting Category C)
Refereed: Yes
Item Status: Live Archive
Additional Information: Deposited with permission of publisher.
Faculty / Department / School: Historic - Faculty of Business - School of Accounting, Economics and Finance
Date Deposited: 28 Jan 2009 02:03
Last Modified: 05 Jan 2015 05:51
Uncontrolled Keywords: Bangladesh; benefit estimation; Buriganga River; contingent valuation; total economic value
Fields of Research : 07 Agricultural and Veterinary Sciences > 0701 Agriculture, Land and Farm Management > 070108 Sustainable Agricultural Development
14 Economics > 1402 Applied Economics > 140205 Environment and Resource Economics
05 Environmental Sciences > 0502 Environmental Science and Management > 050205 Environmental Management
Socio-Economic Objective: D Environment > 96 Environment > 9612 Rehabilitation of Degraded Environments > 961204 Rehabilitation of Degraded Fresh, Ground and Surface Water Environments

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