The Effects of Aquaculture and Marine Conservation on Cultural Ecosystem Services: An Integrated Hedonic – Eudaemonic Approach

Elisavet Spanou, Jasper O. Kenter and Marcello Graziano

Ecological Economics, 2020, vol. 176, issue C

Abstract: Understanding the cultural contributions of ecosystems is essential for recognising how environmental policy impacts on human well-being. We developed an integrated cultural ecosystem services (CES) valuation approach involving non-monetary valuation through a eudaemonic well-being questionnaire and monetary valuation through hedonic pricing. This approach was applied to assess CES values on the west coast of Scotland. The impact of scenic area and marine protected area (MPA) designations on CES values and potential trade-offs with aquaculture, an increasingly important provisioning ecosystem service in the region, were investigated. Results confirmed a eudaemonic well-being value structure of seven factors: engagement and interaction with nature, place identity, therapeutic value, spiritual value, social bonds, memory/transformative value, and challenge and skill. Visibility of, but not proximity to aquaculture negatively influenced housing prices. In contrast, proximity to MPAs and visibility of scenic areas increased property values. All eudaemonic well-being value factors were positively and significantly associated with scenic areas and a subset of these with MPAs. The integration of the two methods can provide decision-makers with a more comprehensive picture of CES values, their relation to conservation policies and interactions and trade-offs with other activities and services.

Keywords: Cultural ecosystem services; Marine ecosystem services; Aquaculture; Hedonic pricing; Integrated valuation; Eudaemonic well-being; Relational values (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolec:v:176:y:2020:i:c:s0921800918315829

DOI: 10.1016/j.ecolecon.2020.106757

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