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Communicating Research on the Economic Valuation of Coastal and Marine Ecosystem Services

Author

Listed:
  • Cati Torres

    (Applied Economics Department, Universitat de les Illes Balears)

  • Nick Hanley

    (Department of Geography and Sustainable Development, University of St. Andrews)

Abstract
Quantifying the monetary value of ecosystem services provided by coastal and marine resources can help policy makers assess the trade-offs and synergies inherent in ecosystem -based management of marine and coastal environments, thus increasing the social efficiency of decision-making processes. As shown by the valuation literature, the number of coastal and marine management settings where valuation researchers have attempted to make a contribution is rising fast. However, this rise in research activity has not been matched by the increase in the use of economic valuation (EV) in the actual management of coastal and marine resources. This raises an interesting question: is EV responding to the needs of policy makers? This paper provides a comprehensive overview of the knowledg e base regarding the economic values for coastal and marine ecosystems. It then discusses how to improve the uptake of ES valuation research by focussing on two core issues which are thought to be essential for more effective communication with the policy community.

Suggested Citation

  • Cati Torres & Nick Hanley, 2016. "Communicating Research on the Economic Valuation of Coastal and Marine Ecosystem Services," Discussion Papers in Environment and Development Economics 2016-12, University of St. Andrews, School of Geography and Sustainable Development.
    • Handle: RePEc:sss:wpaper:2016-12
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    References listed on IDEAS

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    Cited by:

    1. Cati Torres & Nick Hanley, 2016. "Communicating research on the economic valuation of coastal and marine ecosystem services," DEA Working Papers 81, Universitat de les Illes Balears, Departament d'Economía Aplicada.
    2. Maryna Tverdostup & Tiiu Paas, 2019. "Economic Performance Analysis Of Selected Blue Economy Sectors In Estonia And Finland," University of Tartu - Faculty of Economics and Business Administration Working Paper Series 115, Faculty of Economics and Business Administration, University of Tartu (Estonia).
    3. Weiwei Wang & Jianhong E. Mu & Jadwiga R. Ziolkowska, 2021. "Perceived Economic Value of Ecosystem Services in the US Rio Grande Basin," Sustainability, MDPI, vol. 13(24), pages 1-16, December.
    4. Kristīne Pakalniete & Heini Ahtiainen & Juris Aigars & Ingrīda Andersone & Aurelija Armoškaite & Henning Sten Hansen & Solvita Strāķe, 2021. "Economic Valuation of Ecosystem Service Benefits and Welfare Impacts of Offshore Marine Protected Areas: A Study from the Baltic Sea," Sustainability, MDPI, vol. 13(18), pages 1-30, September.
    5. Halkos, George & Matsiori, Steriani, 2017. "Estimating recreational values of coastal zones," MPRA Paper 80911, University Library of Munich, Germany.
    6. Ram Prasad Acharya & Tek Narayan Maraseni & Geoff Cockfield, 2020. "An Ecosystem Services Valuation Research Framework for Policy Integration in Developing Countries: A Case Study from Nepal," Sustainability, MDPI, vol. 12(19), pages 1-15, October.

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    More about this item

    Keywords

    economic valuation; marine and coastal ecosystem services; coastal and marine management; policy analysis; benefit transfer;
    All these keywords.

    JEL classification:

    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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