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Valuing ecosystem services for improved national accounting: A pilot study from Madagascar

Laura Onofri, Glenn Marie Lange, Rosimeiry Portela and Paulo A.L.D. Nunes

Ecosystem Services, 2017, vol. 23, issue C, 116-126

Abstract: The present paper proposes a micro-econometric methodology for the economic valuation of the impact of ecosystem services in selected economic sectors. In the context of natural capital and ecosystem accounting, we built a four steps valuation protocol. The methodology is applied to the valuation of freshwater in the Ankeniheny-Zahamena Forestry Corridor (CAZ), Madagascar – a country partner with the Wealth Accounting and the Valuation of Ecosystem Services (WAVES). Our results corroborate the intuition that understanding the value of water in its alternative uses is a key to fostering informed debate on water management and allocation in the CAZ area. More generally, this study provides a solid contribution towards a more effective way to elicit and record nature's ecosystem services contribution to the economy.

Keywords: C2; C3; D24; Q56; Ecosystem services; Production function; Value of the marginal productivity; Natural capital and ecosystem services accounting; Monetary valuation; Sustainable land use management (search for similar items in EconPapers)
Date: 2017
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Handle: RePEc:eee:ecoser:v:23:y:2017:i:c:p:116-126