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Valuing natural assets

Author

Listed:
  • Clough, Peter

    (New Zealand Institute of Economic Research)

  • Hickman, Matt

    (New Zealand Institute of Economic Research)

  • Stephenson, John

    (New Zealand Institute of Economic Research)

Abstract

Much of the value New Zealanders get from natural assets is intangible, making it difficult to measure. Currently, there are a variety of techniques used to measure the value of natural assets, adding to the cost and uncertainty of values obtained. A standardised technique would make economic value estimates more consistent, more cost-effective to prepare, and make comparison of alternative uses of natural assets easier. NZIER’s proposed approach would improve understanding of the value of natural assets – giving them more consistent weight in development and conservation decisions, and improving the way we manage them.

Suggested Citation

  • Clough, Peter & Hickman, Matt & Stephenson, John, 2013. "Valuing natural assets," NZIER Working Paper 2013/3, New Zealand Institute of Economic Research.
    • Handle: RePEc:ris:nzierw:2013_003
    as

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    File URL: https://www.nzier.org.nz/publications/valuing-natural-assets-nzier-public-discussion-paper-20133
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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    valuing natural resources; decision making; New Zealand;
    All these keywords.

    JEL classification:

    • Q00 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - General

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