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Valuing the environment in developing countries: Problems and potentials

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  • Alam, Khorshed

Abstract

Non-market valuation techniques have often been transferred to developing countries without taking into account their social, economic, political and cultural settings. For instance, the same kind of elicitation method is applied in developing countries, although many of the respondents are extremely poor and many of their economic activities are outside the purview of the monetary mechanism. This paper reports research in a developing country context where the conventional contingent valuation method is extended to include respondents’ preference in terms of time for the restoration of a vulnerable river, irrespective of their decision to contribute money.

Suggested Citation

  • Alam, Khorshed, 2005. "Valuing the environment in developing countries: Problems and potentials," 2005 Conference (49th), February 9-11, 2005, Coff's Harbour, Australia 137741, Australian Agricultural and Resource Economics Society.
    • Handle: RePEc:ags:aare05:137741
    DOI: 10.22004/ag.econ.137741
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    References listed on IDEAS

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    1. Whittington, Dale, 1998. "Administering contingent valuation surveys in developing countries," World Development, Elsevier, vol. 26(1), pages 21-30, January.
    2. Russell, Clifford S., 2001. "Applying Economics to the Environment," OUP Catalogue, Oxford University Press, number 9780195126846.
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    5. KyeongAe Choe & Dale Whittington & Donald T. Lauria, 1996. "The Economic Benefits of Surface Water Quality Improvements in Developing Countries: A Case Study of Davao, Philippines," Land Economics, University of Wisconsin Press, vol. 72(4), pages 519-537.
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    7. Peter A. Diamond & Jerry A. Hausman, 1994. "Contingent Valuation: Is Some Number Better than No Number?," Journal of Economic Perspectives, American Economic Association, vol. 8(4), pages 45-64, Fall.
    8. Sergio Ardila & Ricardo Quiroga & William J. Vaughan, 1998. "A Review of the Use of Contingent Valuation Methods in Project Analysis at the Inter-American Development Bank," IDB Publications (Working Papers) 33298, Inter-American Development Bank.
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