Nature in the concrete jungle: valuing urban ecosystem services in Costa Rica

Matías Piaggio and Juha Siikamäki

Environment and Development Economics, 2024, vol. 29, issue 1, 19-38

Abstract: Urban green spaces are primarily recognized for their ability to provide opportunities for recreational activities. However, these spaces also offer a broader range of ecosystem services and benefits, which are often overlooked by city inhabitants and the government. This paper utilizes choice experiments to estimate the benefits derived from ecosystem services provided by undeveloped natural areas and urban parks in San José, Costa Rica. We evaluate three ecosystem services provided by undeveloped natural areas, namely habitats for animals and plants, hydrological control, and recreation. Additionally, we estimate the benefits derived from the restoration and construction of three types of urban parks: neighborhood, metropolitan, and central district parks. The results demonstrate that individuals place significant value on the restoration of undeveloped natural areas and urban parks. The findings also indicate variations in the valuation of ecosystem services between undeveloped natural areas and different park types, as well as among households.

Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:cup:endeec:v:29:y:2024:i:1:p:19-38_2

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