IDEAS home Printed from https://ideas.repec.org/a/spr/waterr/v17y2003i6p429-446.html
   My bibliography  Save this article

Incorporating Environmental Value and Externality in Project Evaluation as a Sustainability Indicator to evaluate Bangladesh Water Development

Author

Listed:
  • Premachandra Wattage
  • John Soussan

Abstract

A major difficulty of conventional cost benefit analysis is that it will allow choosing an alternative among others only on the criterion of economic efficiency: that the selected project or activity has been proven to produce economic benefits over costs for the period of the project. An analysis of this kind generally does not create a problem if the costs and benefits series are easy to quantify and clearly identifiable. However, almost all projects linked with the environment are clear exceptions to this category. Many environmental projects are facing a difficulty of evaluating the success based on economic efficiency due to two reasons: (a) environmental benefits are difficult to quantify and (b) environmental interactions that will cause severe externalities are difficult to predict. The main objective of this paper is to suggest a new method that can be used to overcome such difficulties in environmental projects. Data used in this analysis will demonstrate a practical approach to evaluate environmental projects. The evaluation proposed is different to traditional analysis in that it has been based on a large programme of primary research and has included efforts to achieve a consensus of all stakeholders, including those directly involved in project implementation. Copyright Kluwer Academic Publishers 2003

Suggested Citation

  • Premachandra Wattage & John Soussan, 2003. "Incorporating Environmental Value and Externality in Project Evaluation as a Sustainability Indicator to evaluate Bangladesh Water Development," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 17(6), pages 429-446, December.
    • Handle: RePEc:spr:waterr:v:17:y:2003:i:6:p:429-446
    DOI: 10.1023/B:WARM.0000004957.49020.c3
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1023/B:WARM.0000004957.49020.c3
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1023/B:WARM.0000004957.49020.c3?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
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Leonard Shabman & Kurt Stephenson, 1996. "Searching for the Correct Benefit Estimate: Empirical Evidence for an Alternative Perspective," Land Economics, University of Wisconsin Press, vol. 72(4), pages 433-449.
    2. repec:bla:kyklos:v:23:y:1970:i:4:p:775-91 is not listed on IDEAS
    3. Hoehn, John P. & Randall, Alan, 1987. "A satisfactory benefit cost indicator from contingent valuation," Journal of Environmental Economics and Management, Elsevier, vol. 14(3), pages 226-247, September.
    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. Guofang Zhai & Takeshi Suzuki, 2009. "Evaluating Economic Value of Coastal Waterfront in Tokyo Bay, Japan with Willingness-to-Accept Measure," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 23(4), pages 633-645, March.
    2. Stefanos Xenarios & Kostas Bithas, 2009. "Welfare Improvisation from the Receiving Waters of Urban Wastewater Systems in the Context of the Water Framework Directive," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 23(5), pages 981-1000, March.
    3. R. Carballo & J. Cancela & G. Iglesias & A. Marín & X. Neira & T. Cuesta, 2009. "WFD Indicators and Definition of the Ecological Status of Rivers," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 23(11), pages 2231-2247, September.

    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. Chilton, S. M. & Hutchinson, W. G., 2003. "A qualitative examination of how respondents in a contingent valuation study rationalise their WTP responses to an increase in the quantity of the environmental good," Journal of Economic Psychology, Elsevier, vol. 24(1), pages 65-75, February.
    2. Nick Hanley & Douglas MacMillan & Robert E. Wright & Craig Bullock & Ian Simpson & Dave Parsisson & Bob Crabtree, 1998. "Contingent Valuation Versus Choice Experiments: Estimating the Benefits of Environmentally Sensitive Areas in Scotland," Journal of Agricultural Economics, Wiley Blackwell, vol. 49(1), pages 1-15, March.
    3. Magdalena Joanna Hędrzak & Elżbieta Badach & Sławomir Adam Kornaś, 2021. "Preliminary Assumptions for Identification of the Common Hamster ( Cricetus cricetus ) as a Service Provider in the Agricultural Ecosystem," Sustainability, MDPI, vol. 13(12), pages 1-22, June.
    4. Tuan, Tran Huu & Navrud, Stale, 2009. "Applying the dissonance-minimising format to value cultural heritage in developing countries," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 53(3), pages 1-17.
    5. Allan Beltrán & David Maddison & Robert J. R. Elliott, 2018. "Assessing the Economic Benefits of Flood Defenses: A Repeat‐Sales Approach," Risk Analysis, John Wiley & Sons, vol. 38(11), pages 2340-2367, November.
    6. 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.
    7. Bengt Kriström, 1993. "Comparing continuous and discrete contingent valuation questions," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 3(1), pages 63-71, February.
    8. Menon Martina & Perali Federico & Veronesi Marcella, 2017. "“Leaving No Child Behind:” Preferences for Social Inclusion and Altruism," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 17(3), pages 1-19, July.
    9. Richard T. Carson & Miko_aj Czajkowski, 2014. "The discrete choice experiment approach to environmental contingent valuation," Chapters, in: Stephane Hess & Andrew Daly (ed.), Handbook of Choice Modelling, chapter 9, pages 202-235, Edward Elgar Publishing.
    10. John P. Hoehn & Douglas J. Krieger, 2000. "An Economic Analysis of Water and Wastewater Investments in Cairo, Egypt," Evaluation Review, , vol. 24(6), pages 579-608, December.
    11. Bergland, Olvar & Kim, Seung-Woo & McLeod, Don & Romstad, Eirik, 1989. "Estimation of Optimal Congestion Levels: Deer Hunting in Western Oregon," 1989 Annual Meeting, July 30-August 2, Baton Rouge, Louisiana 270485, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    12. Buzby, Jean C. & Ready, Richard C. & Skees, Jerry R., 1995. "Contingent Valuation in Food Policy Analysis: A Case Study of a Pesticide-Residue Risk Reduction," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 27(2), pages 613-625, December.
    13. Rong-Chang Jou & Yuan-Chan Wu & Ke-Hong Chen, 2011. "Analysis of the environmental benefits of a motorcycle idling stop policy at urban intersections," Transportation, Springer, vol. 38(6), pages 1017-1033, November.
    14. Daniel McFadden, 2009. "The human side of mechanism design: a tribute to Leo Hurwicz and Jean-Jacque Laffont," Review of Economic Design, Springer;Society for Economic Design, vol. 13(1), pages 77-100, April.
    15. Bandara, Ranjith & Tisdell, Clement A., 2002. "Willingness to Pay for Conservation of the Asian Elephant in Sri Lanka: A Contingent Valuation Study," Economics, Ecology and Environment Working Papers 48738, University of Queensland, School of Economics.
    16. Xuehong Wang & Jeff Bennett & Chen Xie & Zhitao Zhang, 2010. "Estimating the Non-market Environmental Benefits of Land Use Change in China," Chapters, in: Jeff Bennett & Ekin Birol (ed.), Choice Experiments in Developing Countries, chapter 6, Edward Elgar Publishing.
    17. Greiner, Romy & Rolfe, John, 2003. "Estimating consumer surplus and elasticity of demand of tourist visitation to a region in North Queensland using contingent valuation," 2003 Conference (47th), February 12-14, 2003, Fremantle, Australia 57881, Australian Agricultural and Resource Economics Society.
    18. Bell, Caroline D. & Roberts, Roland K. & English, Burton C. & Park, William M., 1994. "A Logit Analysis of Participation in Tennessee's Forest Stewardship Program," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 26(2), pages 463-472, December.
    19. Young, Ralph, 1991. "The Economic Significance of Environmental Resources: A Review of the Evidence," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 59(03), pages 1-26, December.
    20. Veisten, Knut, 2007. "Contingent valuation controversies: Philosophic debates about economic theory," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 36(2), pages 204-232, April.

    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:spr:waterr:v:17:y:2003:i:6:p:429-446. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.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.