IDEAS home Printed from https://ideas.repec.org/a/aga/esjour/v2y2018p33-40.html
   My bibliography  Save this article

Monetization of social effects

Author

Listed:
  • Jakub Głowacki

    (Uniwersytet Ekonomiczny w Krakowie)

Abstract

One of the key barriers to the development of the social economy sector in Poland is the lack of common knowledge and skills in the effective and systematic measurement of achievements. This is important because despite the growing public awareness of the benefits generated by this sector, there are still some reservations about the rationality of supporting social enterprises. The way to measurable and effective presentation of the effects of social activities is to monetise these effects, that is, to give them a monetary value. This article reviews literature related to the valuation of non-market goods developed in the area of ecology and indicates the potential for adaptation of this type of methods in the area of social economy. These conclusions can be used to conduct further empirical research as well as to build new methods and tools for social impact assessment.

Suggested Citation

  • Jakub Głowacki, 2018. "Monetization of social effects," Ekonomia Społeczna/Social Economy, Collegium of Economy and Public Administration, vol. 2, pages 33-40.
    • Handle: RePEc:aga:esjour:v:2:y:2018:p:33-40
    DOI: 10.15678/ES.2018.2.04
    as

    Download full text from publisher

    File URL: http://www.ekonomiaspoleczna.msap.pl/doki/polrocznik/ES022018/ES022018-04.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.15678/ES.2018.2.04?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Edward Oczkowski, 1994. "A Hedonic Price Function For Australian Premium Table Wine," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 38(1), pages 93-110, April.
    2. Brown, Gardner M, Jr & Mendelsohn, Robert, 1984. "The Hedonic Travel Cost Method," The Review of Economics and Statistics, MIT Press, vol. 66(3), pages 427-433, August.
    3. W. Michael Hanemann, 1994. "Valuing the Environment through Contingent Valuation," Journal of Economic Perspectives, American Economic Association, vol. 8(4), pages 19-43, Fall.
    4. Howard R. Bowen, 1943. "The Interpretation of Voting in the Allocation of Economic Resources," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 58(1), pages 27-48.
    5. S. V. Ciriacy-Wantrup, 1947. "Capital Returns from Soil-Conservation Practices," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 29(4_Part_II), pages 1181-1196.
    6. Donald H. Rosenthal, 1987. "The Necessity for Substitute Prices Recreation Demand Analyses," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 69(4), pages 828-837.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jaimie Kim Bayani Arias & Vicente G. Ballaran, Jr. & Maria Emilinda T. Mendoza & Rowena A. Dorado & Bessie M. Burgos, 2016. "Economic Analysis of Flood Adaptation Options in the Sta. Cruz River Watershed, Laguna, Philippines," EEPSEA Research Report rr20160336, Economy and Environment Program for Southeast Asia (EEPSEA), revised Mar 2016.
    2. Kant, Shashi, 2003. "Extending the boundaries of forest economics," Forest Policy and Economics, Elsevier, vol. 5(1), pages 39-56, January.
    3. Catherine Heyes & Anthony Heyes, 1999. "Willingness to Pay Versus Willingness to Travel: Assessing the Recreational Benefits from Dartmoor National Park," Journal of Agricultural Economics, Wiley Blackwell, vol. 50(1), pages 124-139, January.
    4. Isabel Mendes & Idalina Dias Sardinha & Sérgio Milheiras, 2013. "Methodological Issues for Estimating the Total Value of the Rehabilitation of Mining Fields: the Case of S. Domingo’s Mine," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 3(4), pages 593-593.
    5. Ouyang, Xiaoling & Zhuang, Wuxu & Sun, Chuanwang, 2019. "Haze, health, and income: An integrated model for willingness to pay for haze mitigation in Shanghai, China," Energy Economics, Elsevier, vol. 84(C).
    6. Catherine L. Kling & Daniel J. Phaneuf & Jinhua Zhao, 2012. "From Exxon to BP: Has Some Number Become Better Than No Number?," Journal of Economic Perspectives, American Economic Association, vol. 26(4), pages 3-26, Fall.
    7. Taale, Francis & Kyeremeh, Christian, 2016. "Households׳ willingness to pay for reliable electricity services in Ghana," Renewable and Sustainable Energy Reviews, Elsevier, vol. 62(C), pages 280-288.
    8. F Alpizar & F Carlsson & P Martinsson, 2003. "Using Choice Experiments for Non-Market Valuation," Economic Issues Journal Articles, Economic Issues, vol. 8(1), pages 83-110, March.
    9. Grüner, Hans Peter & Muller, Daniel, 2016. "Measuring political information rents: Evidence from the European agricultural reform," European Journal of Political Economy, Elsevier, vol. 43(C), pages 107-126.
    10. David Hoyos & Petr Mariel, 2010. "Contingent Valuation: Past, Present and Future," Prague Economic Papers, Prague University of Economics and Business, vol. 2010(4), pages 329-343.
    11. Richard Epstein, 2003. "The Regrettable Necessity of Contingent Valuation," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 27(3), pages 259-274, November.
    12. Richard T. Carson, 2011. "Contingent Valuation," Books, Edward Elgar Publishing, number 2489.
    13. Spash, Clive L., 2008. "The Contingent Valuation Method: Retrospect and Prospect," MPRA Paper 101234, University Library of Munich, Germany.
    14. Isabel Mendes, 2015. "Tackling the Multidimensional Characteristics of Archaeological Heritage with Preference Based Approaches," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 5(4), pages 995-995.
    15. Felix Schlapfer & Anna Roschewitz & Nick Hanley, "undated". "Contingent valuation and real referendum behaviour," Working Papers 2001_8, Business School - Economics, University of Glasgow.
    16. Amos Golan & Spiro Stefanou, 2024. "Potential Value of Data and Free Access to Data," Working Papers 2024-008, Human Capital and Economic Opportunity Working Group.
    17. Grafeld, Shanna & Oleson, Kirsten & Barnes, Michele & Peng, Marcus & Chan, Catherine & Weijerman, Mariska, 2016. "Divers' willingness to pay for improved coral reef conditions in Guam: An untapped source of funding for management and conservation?," Ecological Economics, Elsevier, vol. 128(C), pages 202-213.
    18. Banzhaf, H. Spencer, 2016. "Constructing markets: environmental economics and the contingent valuation controversy," MPRA Paper 78814, University Library of Munich, Germany.
    19. Kitessa, R.J., 2018. "On the design and implementation of environmental conservation mechanisms : Evidence from field experiments," Other publications TiSEM cda8497d-6dcf-4092-b815-1, Tilburg University, School of Economics and Management.
    20. Nick Hanley & Felix Schlapfer, "undated". "Calibration of Stated Willingness to Pay for Public Goods with Voting and Tax Liability Data: Provision of Landscape Amenities in Switzerland," Working Papers 2002_2, Business School - Economics, University of Glasgow.

    More about this item

    Keywords

    social impact; monetization; travel cost method; hedonic pricing method; conditional valuation method; benefit transfer method;
    All these keywords.

    JEL classification:

    • B55 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Social Economics
    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aga:esjour:v:2:y:2018:p:33-40. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marcin Kukiełka (email available below). General contact details of provider: https://edirc.repec.org/data/aekrapl.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.