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The economic value of NBS restoration measures and their benefits in a river basin context: A meta-analysis regression

Nabila Arfaoui () and Houévoh Gnonlonfin ()
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Nabila Arfaoui: University Catholic of Lyon, ESDES

No 2019.09, Working Papers from FAERE - French Association of Environmental and Resource Economists

Abstract: The study collects original monetary estimates for Nature Based Solutions (NBS) and benefits, with restoration approach in a basin context. A database of 187 monetary estimates is constructed to perform the first meta-analysis, which will assess how individuals value the NBS restoration measures and their benefits. We find that individuals value, in particular, global climate regulation, local environmental regulation, recreational activities, and habitat and biodiversity benefits. We find also that NBS measures aimed at floodplains and river streams are more highly valued. The results of this study suggest that the Willingness-to-pay (WTP) is weakly influenced by the methodological variables. While the contingent valuation method affects the WTP compared to studies using choice experiments, the payment and econometric method means have only a marginal effect. Survey modes are never significant. Finally, studies on the US and Europe country contexts show higher WTP than those conducted in Asia.

Keywords: Nature Based Solution (NBS); Meta-Analysis; Ecosystem services; Willingness To Pay (search for similar items in EconPapers)
JEL-codes: Q51 Q57 O13 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-agr, nep-dcm, nep-env and nep-sea
Date: 2019-04
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http://faere.fr/pub/WorkingPapers/Arfaoui_Gnonlonfin_FAERE_WP2019.09.pdf First version, 2019 (application/pdf)

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Working Paper: The economic value of NBS restoration measures and their benefits in a river basin context: A meta-analysis regression (2019) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:fae:wpaper:2019.09

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