IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v14y2022i3p1901-d743855.html
   My bibliography  Save this article

Valuating Natural Resources and Ecosystem Services: Systematic Review of Methods in Use

Author

Listed:
  • Margarita Ignatyeva

    (Research Laboratory of Disturbed Lands’ and Technogenic Objects’ Reclamation, Department of Economics and Management, Ural State Mining University, 620144 Yekaterinburg, Russia)

  • Vera Yurak

    (Research Laboratory of Disturbed Lands’ and Technogenic Objects’ Reclamation, Department of Economics and Management, Ural State Mining University, 620144 Yekaterinburg, Russia)

  • Alexey Dushin

    (Research Laboratory of Disturbed Lands’ and Technogenic Objects’ Reclamation, Department of Economics and Management, Ural State Mining University, 620144 Yekaterinburg, Russia)

Abstract

The relevance of an ecosystem approach, which involves addressing ecosystems as an object of research, economically evaluating ecosystem services, and including the existing variety of evaluation methods and their classifications for the estimation of nature’s value, was the focus of this study. So, the aim of the current research is to develop an evaluation theory by refining approaches and methods for the economic evaluation of natural resources and ecosystem services. The research object was the evaluation practice of the former USSR, Russia, and countries outside Russia. Employing research methods of systematization and content analysis with evolutionary and ecosystem approaches, about three hundred scientific papers have been the subject of this review. The study (1) reveals the evolutionary changes in economic evaluation approaches and methods of natural resources and ecosystem services; (2) discloses the features of the existing classifications of economic evaluation methods; and (3) offers the author’s classification, which is based on the five classification criteria: evaluation type, evaluation approaches, evaluation character (nature), evaluation methods, and market discourse. We believe that understanding the development of scientific thought about evaluation methods and their classifications will make it possible to increase the reliability of the estimation results in natural resource and environmental economics.

Suggested Citation

  • Margarita Ignatyeva & Vera Yurak & Alexey Dushin, 2022. "Valuating Natural Resources and Ecosystem Services: Systematic Review of Methods in Use," Sustainability, MDPI, vol. 14(3), pages 1-17, February.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:3:p:1901-:d:743855
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/14/3/1901/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/14/3/1901/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Braat, Leon C. & de Groot, Rudolf, 2012. "The ecosystem services agenda:bridging the worlds of natural science and economics, conservation and development, and public and private policy," Ecosystem Services, Elsevier, vol. 1(1), pages 4-15.
    2. Lizin, Sebastien & Van Passel, Steven & Schreurs, Eloi, 2015. "Farmres' Perceived Cost of Land Use restrictions: A Simulated Purchasing Decision Using Dscrete Choice Experiments," 2015 Conference, August 9-14, 2015, Milan, Italy 212054, International Association of Agricultural Economists.
    3. Miguel Ángel Solano-Sánchez & José António C. Santos & Margarida Custódio Santos & Manuel Ángel Fernández-Gámez, 2021. "Holiday Rentals in Cultural Tourism Destinations: A Comparison of Booking.com-Based Daily Rate Estimation for Seville and Porto," Economies, MDPI, vol. 9(4), pages 1-16, October.
    4. Badeeb, Ramez Abubakr & Lean, Hooi Hooi & Clark, Jeremy, 2017. "The evolution of the natural resource curse thesis: A critical literature survey," Resources Policy, Elsevier, vol. 51(C), pages 123-134.
    5. Baskaran, Ramesh & Cullen, Ross & Colombo, Sergio, 2010. "Testing different types of benefit transfer in valuation of ecosystem services: New Zealand winegrowing case studies," Ecological Economics, Elsevier, vol. 69(5), pages 1010-1022, March.
    6. Costanza, Robert, 2020. "Valuing natural capital and ecosystem services toward the goals of efficiency, fairness, and sustainability," Ecosystem Services, Elsevier, vol. 43(C).
    7. de Groot, R. & Stuip, M. & Finlayson, Max & Davidson, N., 2006. "Valuing wetlands: guidance for valuing the benefits derived from wetland ecosystem services," IWMI Research Reports H039735, International Water Management Institute.
    8. Gómez-Baggethun, Erik & de Groot, Rudolf & Lomas, Pedro L. & Montes, Carlos, 2010. "The history of ecosystem services in economic theory and practice: From early notions to markets and payment schemes," Ecological Economics, Elsevier, vol. 69(6), pages 1209-1218, April.
    9. Iryna Zamula & Maryna Tanasiieva & Vitalii Travin & Vitalii Nitsenko & Tomas Balezentis & Dalia Streimikiene, 2020. "Assessment of the Profitability of Environmental Activities in Forestry," Sustainability, MDPI, vol. 12(7), pages 1-15, April.
    10. Laporta, Lia & Domingos, Tiago & Marta-Pedroso, Cristina, 2021. "It's a keeper: Valuing the carbon storage service of Agroforestry ecosystems in the context of CAP Eco-Schemes," Land Use Policy, Elsevier, vol. 109(C).
    11. Farber, Stephen C. & Costanza, Robert & Wilson, Matthew A., 2002. "Economic and ecological concepts for valuing ecosystem services," Ecological Economics, Elsevier, vol. 41(3), pages 375-392, June.
    12. Sergei Schaub & Robert Finger & Florian Leiber & Stefan Probst & Michael Kreuzer & Alexandra Weigelt & Nina Buchmann & Michael Scherer-Lorenzen, 2021. "Reply to: “Results from a biodiversity experiment fail to represent economic performance of semi-natural grasslands”," Nature Communications, Nature, vol. 12(1), pages 1-3, December.
    13. Fisher, Anthony C. & Krutilla, John V., 1985. "Economics of nature preservation," Handbook of Natural Resource and Energy Economics, in: A. V. Kneese† & J. L. Sweeney (ed.), Handbook of Natural Resource and Energy Economics, edition 1, volume 1, chapter 4, pages 165-189, Elsevier.
    14. Margarita Ignatyeva & Vera Yurak & Oksana Logvinenko, 2020. "A New Look at the Natural Capital Concept: Approaches, Structure, and Evaluation Procedure," Sustainability, MDPI, vol. 12(21), pages 1-21, November.
    15. Edward B. Barbier, 2007. "Valuing ecosystem services as productive inputs [‘Valuing groundwater recharge through agricultural production in the Hadejia-Jama’are wetlands in northern Nigeria’]," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 22(49), pages 178-229.
    16. Richter, Franziska & Jan, Pierrick & El Benni, Nadja & Lüscher, Andreas & Buchmann, Nina & Klaus, Valentin H., 2021. "A guide to assess and value ecosystem services of grasslands," Ecosystem Services, Elsevier, vol. 52(C).
    17. Qenani-Petrela, Eivis & Noel, Jay E. & Mastin, Thomas, 2007. "A Benefit Transfer Approach to the Estimation of Agro-Ecosystems Services Benefits: A Case Study of Kern County, California," Research Project Reports 121605, California Polytechnic State University, San Luis Obispo, California Institute for the Study of Specialty Crops.
    18. Stephen Farber, 1996. "Welfare Loss Of Wetlands Disintegration: A Louisiana Study," Contemporary Economic Policy, Western Economic Association International, vol. 14(1), pages 92-106, January.
    19. Martín-López, Berta & García-Llorente, Marina & Palomo, Ignacio & Montes, Carlos, 2011. "The conservation against development paradigm in protected areas: Valuation of ecosystem services in the Doñana social-ecological system (southwestern Spain)," Ecological Economics, Elsevier, vol. 70(8), pages 1481-1491, June.
    20. J. Sapir., 2005. "Economics of Information: The New Paradigm and Its Limits," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 10.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Juan F. Velasco-Munoz & José A. Aznar-Sánchez & Marina Schoenemann & Belén López-Felices, 2022. "The economic valuation of ecosystem services: bibliometric analysis," Oeconomia Copernicana, Institute of Economic Research, vol. 13(4), pages 977-1014, December.
    2. Hejie Wei & Jiaxin Zheng & Dong Xue & Xiaobin Dong & Mengxue Liu & Yali Zhang, 2022. "Identifying the Relationship between Livelihoods and Land Ecosystem Services Using a Coupled Model: A Case Study in the “One River and Two Tributaries” Region of Tibet," Land, MDPI, vol. 11(9), pages 1-23, August.
    3. Rosario Gómez & Julio Aguirre & Luis Oliveros & Renzo Paladines & Néstor Ortiz & Diana Encalada & Dolors Armenteras, 2023. "A Participatory Approach to Economic Valuation of Ecosystem Services in Andean Amazonia: Three Country Case Studies for Policy Planning," Sustainability, MDPI, vol. 15(6), pages 1-16, March.

    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. Alamanos, Angelos & Koundouri, Phoebe, 2022. "Economics of Incorporating Ecosystem Services into Water Resource Planning and Management," MPRA Paper 122046, University Library of Munich, Germany.
    2. Vera V. Yurak & Margarita N. Ignatyeva & Aleksey V. Dushin, 2020. "Valuation of ecosystem services in a region: A review of the international experience," Journal of New Economy, Ural State University of Economics, vol. 21(4), pages 79-103, December.
    3. Kubiszewski, Ida & Concollato, Luke & Costanza, Robert & Stern, David I., 2023. "Changes in authorship, networks, and research topics in ecosystem services," Ecosystem Services, Elsevier, vol. 59(C).
    4. Costanza, Robert & de Groot, Rudolf & Braat, Leon & Kubiszewski, Ida & Fioramonti, Lorenzo & Sutton, Paul & Farber, Steve & Grasso, Monica, 2017. "Twenty years of ecosystem services: How far have we come and how far do we still need to go?," Ecosystem Services, Elsevier, vol. 28(PA), pages 1-16.
    5. Leimona, Beria & van Noordwijk, Meine & de Groot, Rudolf & Leemans, Rik, 2015. "Fairly efficient, efficiently fair: Lessons from designing and testing payment schemes for ecosystem services in Asia," Ecosystem Services, Elsevier, vol. 12(C), pages 16-28.
    6. Marjan van den Belt & Daniella Blake, 2015. "Investing in Natural Capital and Getting Returns: An Ecosystem Service Approach," Business Strategy and the Environment, Wiley Blackwell, vol. 24(7), pages 667-677, November.
    7. Acharya, Ram Prasad & Maraseni, Tek & Cockfield, Geoff, 2019. "Global trend of forest ecosystem services valuation – An analysis of publications," Ecosystem Services, Elsevier, vol. 39(C).
    8. Häyhä, Tiina & Franzese, Pier Paolo, 2014. "Ecosystem services assessment: A review under an ecological-economic and systems perspective," Ecological Modelling, Elsevier, vol. 289(C), pages 124-132.
    9. Élia Pires-Marques & Cristina Chaves & Lígia M. Costa Pinto, 2021. "Biophysical and monetary quantification of ecosystem services in a mountain region: the case of avoided soil erosion," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 23(8), pages 11382-11405, August.
    10. D. D’Amato & M. Wan & N. Li & M. Rekola & A. Toppinen, 2018. "Managerial Views of Corporate Impacts and Dependencies on Ecosystem Services: A Case of International and Domestic Forestry Companies in China," Journal of Business Ethics, Springer, vol. 150(4), pages 1011-1028, July.
    11. Hackbart, Vivian C.S. & de Lima, Guilherme T.N.P. & dos Santos, Rozely F., 2017. "Theory and practice of water ecosystem services valuation: Where are we going?," Ecosystem Services, Elsevier, vol. 23(C), pages 218-227.
    12. Tania Pinto & Telmo Machado & Diana Nicolau & Nuno Gaspar Oliveira & Ana Sofia Vaz, 2024. "Accounting for nature contributions to people in corporate sustainability: The case of a waste management company in Portugal," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(4), pages 2619-2628, July.
    13. Spangenberg, Joachim H. & von Haaren, Christina & Settele, Josef, 2014. "The ecosystem service cascade: Further developing the metaphor. Integrating societal processes to accommodate social processes and planning, and the case of bioenergy," Ecological Economics, Elsevier, vol. 104(C), pages 22-32.
    14. Craig A. Bond, 2017. "Valuing Coastal Natural Capital in a Bioeconomic Framework," Water Economics and Policy (WEP), World Scientific Publishing Co. Pte. Ltd., vol. 3(02), pages 1-26, April.
    15. Fan, Fan & Henriksen, Christian Bugge & Porter, John, 2016. "Valuation of ecosystem services in organic cereal crop production systems with different management practices in relation to organic matter input," Ecosystem Services, Elsevier, vol. 22(PA), pages 117-127.
    16. Ioannis Souliotis & Nikolaos Voulvoulis, 2021. "Natural Capital Accounting Informing Water Management Policies in Europe," Sustainability, MDPI, vol. 13(20), pages 1-24, October.
    17. Spangenberg, Joachim H. & Settele, Josef, 2016. "Value pluralism and economic valuation – defendable if well done," Ecosystem Services, Elsevier, vol. 18(C), pages 100-109.
    18. Mauerhofer, V. & Laza, I., 2018. "How do ecosystem services perform in enforceable law? Potentials and pitfalls within regional and national integration," Ecosystem Services, Elsevier, vol. 29(PB), pages 260-270.
    19. Anguelovski, Isabelle & Martínez Alier, Joan, 2014. "The ‘Environmentalism of the Poor’ revisited: Territory and place in disconnected glocal struggles," Ecological Economics, Elsevier, vol. 102(C), pages 167-176.
    20. Klimanova, O.A. & Bukvareva, E.N. & Yu, Kolbowsky E. & Illarionova, O.A., 2023. "Assessing ecosystem services in Russia: Case studies from four municipal districts," Land Use Policy, Elsevier, vol. 131(C).

    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:gam:jsusta:v:14:y:2022:i:3:p:1901-:d:743855. 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: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    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.