IDEAS home Printed from https://ideas.repec.org/p/war/wpaper/2016-31.html
   My bibliography  Save this paper

Economic valuation of ecosystem services provided by the Wilanów Park: A benefit transfer study

Author

Listed:
  • Ewa Zawojska

    (Faculty of Economic Sciences, University of Warsaw)

  • Zbigniew Szkop

    (Faculty of Economic Sciences, University of Warsaw)

  • Mikołaj Czajkowski

    (Faculty of Economic Sciences, University of Warsaw)

  • Tomasz Żylicz

    (Faculty of Economic Sciences, University of Warsaw)

Abstract

The Wilanów royal residence – the palace, buildings, monuments and gardens located in the park – is a unique combination of magnificent architecture, historic tradition and nature. They provide multiple benefits to both tourists and inhabitants of Warsaw. In this study we aim at estimating the economic value of nature-related benefits of the Wilanów residence, namely the value of ecosystem services provided by the Park. We use a benefit transfer method and find the value of ecosystem services of the Wilanów Park at 500 thousand euro per year. This seems a significant amount, nevertheless it is much lower than the value of “services” provided by the non-biological assets of the residence.

Suggested Citation

  • Ewa Zawojska & Zbigniew Szkop & Mikołaj Czajkowski & Tomasz Żylicz, 2016. "Economic valuation of ecosystem services provided by the Wilanów Park: A benefit transfer study," Working Papers 2016-31, Faculty of Economic Sciences, University of Warsaw.
    • Handle: RePEc:war:wpaper:2016-31
    as

    Download full text from publisher

    File URL: http://www.wne.uw.edu.pl/index.php/download_file/3167/
    File Function: First version, 2016
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Czajkowski, Mikolaj & Scasný, Milan, 2010. "Study on benefit transfer in an international setting. How to improve welfare estimates in the case of the countries' income heterogeneity?," Ecological Economics, Elsevier, vol. 69(12), pages 2409-2416, October.
    2. Heini Ahtiainen & Janne Artell & Mikołaj Czajkowski & Jürgen Meyerhoff, 2015. "Performance of different approaches in international benefit transfer: Insights from a nine country experiment," Working Papers 2015-28, Faculty of Economic Sciences, University of Warsaw.
    3. Kaul, Sapna & Boyle, Kevin J. & Kuminoff, Nicolai V. & Parmeter, Christopher F. & Pope, Jaren C., 2013. "What can we learn from benefit transfer errors? Evidence from 20 years of research on convergent validity," Journal of Environmental Economics and Management, Elsevier, vol. 66(1), pages 90-104.
    4. Lindhjem, Henrik & Navrud, Ståle, 2008. "How reliable are meta-analyses for international benefit transfers?," Ecological Economics, Elsevier, vol. 66(2-3), pages 425-435, June.
    5. 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.
    6. Brett Day & Ian Bateman & Iain Lake, 2007. "Beyond implicit prices: recovering theoretically consistent and transferable values for noise avoidance from a hedonic property price model," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 37(1), pages 211-232, May.
    7. Jesus Barreiro & Mercedes Sanchez & Montserrat Viladrich-Grau, 2005. "How much are people willing to pay for silence? A contingent valuation study," Applied Economics, Taylor & Francis Journals, vol. 37(11), pages 1233-1246.
    8. Londoño, Luz M. & Johnston, Robert J., 2012. "Enhancing the reliability of benefit transfer over heterogeneous sites: A meta-analysis of international coral reef values," Ecological Economics, Elsevier, vol. 78(C), pages 80-89.
    9. de Groot, Rudolf & Brander, Luke & van der Ploeg, Sander & Costanza, Robert & Bernard, Florence & Braat, Leon & Christie, Mike & Crossman, Neville & Ghermandi, Andrea & Hein, Lars & Hussain, Salman & , 2012. "Global estimates of the value of ecosystems and their services in monetary units," Ecosystem Services, Elsevier, vol. 1(1), pages 50-61.
    10. Robert J. Johnston & Randall S. Rosenberger, 2010. "Methods, Trends And Controversies In Contemporary Benefit Transfer," Journal of Economic Surveys, Wiley Blackwell, vol. 24(3), pages 479-510, July.
    11. Fosgerau, Mogens & Bjørner, Thomas Bue, 2006. "Joint models for noise annoyance and willingness to pay for road noise reduction," Transportation Research Part B: Methodological, Elsevier, vol. 40(2), pages 164-178, February.
    12. Noel, Jay E. & Qenani-Petrela, Eivis & Mastin, Thomas, 2009. "A Benefit Transfer Estimation of Agro-Ecosystems Services," Western Economics Forum, Western Agricultural Economics Association, vol. 8(1), pages 1-11.
    13. Johnston, Robert J. & Rolfe, John & Zawojska, Ewa, 2018. "Benefit Transfer of Environmental and Resource Values: Progress, Prospects and Challenges," International Review of Environmental and Resource Economics, now publishers, vol. 12(2-3), pages 177-266, November.
    14. I. Bateman & R. Brouwer & S. Ferrini & M. Schaafsma & D. Barton & A. Dubgaard & B. Hasler & S. Hime & I. Liekens & S. Navrud & L. De Nocker & R. Ščeponavičiūtė & D. Semėnienė, 2011. "Making Benefit Transfers Work: Deriving and Testing Principles for Value Transfers for Similar and Dissimilar Sites Using a Case Study of the Non-Market Benefits of Water Quality Improvements Across E," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 50(3), pages 365-387, November.
    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. Czajkowski, Mikołaj & Ahtiainen, Heini & Artell, Janne & Meyerhoff, Jürgen, 2017. "Choosing a Functional Form for an International Benefit Transfer: Evidence from a Nine-country Valuation Experiment," Ecological Economics, Elsevier, vol. 134(C), pages 104-113.
    2. Robert J. Johnston & Kevin J. Boyle & Maria L. Loureiro & Ståle Navrud & John Rolfe, 2021. "Guidance to Enhance the Validity and Credibility of Environmental Benefit Transfers," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 79(3), pages 575-624, July.
    3. Robert J. Johnston & Elena Y. Besedin & Ryan Stapler, 2017. "Enhanced Geospatial Validity for Meta-analysis and Environmental Benefit Transfer: An Application to Water Quality Improvements," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 68(2), pages 343-375, October.
    4. Meya, Jasper N. & Drupp, Moritz A. & Hanley, Nick, 2021. "Testing structural benefit transfer: The role of income inequality," Resource and Energy Economics, Elsevier, vol. 64(C).
    5. Newbold, Stephen C. & Johnston, Robert J., 2020. "Valuing non-market valuation studies using meta-analysis: A demonstration using estimates of willingness-to-pay for water quality improvements," Journal of Environmental Economics and Management, Elsevier, vol. 104(C).
    6. Abbie A. Rogers & Fiona L. Dempster & Jacob I. Hawkins & Robert J. Johnston & Peter C. Boxall & John Rolfe & Marit E. Kragt & Michael P. Burton & David J. Pannell, 2019. "Valuing non-market economic impacts from natural hazards," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 99(2), pages 1131-1161, November.
    7. Dennis Guignet & Matthew T. Heberling & Michael Papenfus & Olivia Griot, 2022. "Property Values, Water Quality, and Benefit Transfer: A Nationwide Meta-analysis," Land Economics, University of Wisconsin Press, vol. 98(2), pages 191-218.
    8. Heather Klemick & Charles Griffiths & Dennis Guignet & Patrick Walsh, 2018. "Improving Water Quality in an Iconic Estuary: An Internal Meta-analysis of Property Value Impacts Around the Chesapeake Bay," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 69(2), pages 265-292, February.
    9. Edward B. Barbier & Mikołaj Czajkowski & Nick Hanley, 2017. "Is the Income Elasticity of the Willingness to Pay for Pollution Control Constant?," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 68(3), pages 663-682, November.
    10. Robert J. Johnston & Elena Y. Besedin & Benedict M. Holland, 2019. "Modeling Distance Decay Within Valuation Meta-Analysis," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 72(3), pages 657-690, March.
    11. Grammatikopoulou, Ioanna & Vačkářová, Davina, 2021. "The value of forest ecosystem services: A meta-analysis at the European scale and application to national ecosystem accounting," Ecosystem Services, Elsevier, vol. 48(C).
    12. Robert J. Johnston & Ewa Zawojska, 2020. "Relative Versus Absolute Commodity Measurements in Benefit Transfer: Consequences for Validity and Reliability," American Journal of Agricultural Economics, John Wiley & Sons, vol. 102(4), pages 1245-1270, August.
    13. Hermine Vedogbeton & Robert J. Johnston, 2020. "Commodity Consistent Meta-Analysis of Wetland Values: An Illustration for Coastal Marsh Habitat," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 75(4), pages 835-865, April.
    14. Carolus, Johannes Friedrich & Hanley, Nick & Olsen, Søren Bøye & Pedersen, Søren Marcus, 2018. "A Bottom-up Approach to Environmental Cost-Benefit Analysis," Ecological Economics, Elsevier, vol. 152(C), pages 282-295.
    15. Chaikumbung, Mayula & Doucouliagos, Hristos & Scarborough, Helen, 2016. "The economic value of wetlands in developing countries: A meta-regression analysis," Ecological Economics, Elsevier, vol. 124(C), pages 164-174.
    16. Andrea Ghermandi & John Agard & Paulo A. L. D. Nunes, 2018. "Applying Geographic Information Systems to ecosystem services valuation and mapping in Trinidad and Tobago," Letters in Spatial and Resource Sciences, Springer, vol. 11(3), pages 289-306, October.
    17. -, 2011. "An economic assessment of the impact of climate change on the health sector in Montserrat," Sede Subregional de la CEPAL para el Caribe (Estudios e Investigaciones) 38589, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    18. Fitzpatrick, Luke & Parmeter, Christopher F. & Agar, Juan, 2019. "Approaches for visualizing uncertainty in benefit transfer from metaregression," Ecological Economics, Elsevier, vol. 164(C), pages 1-1.
    19. Norton, Daniel & Hynes, Stephen, 2018. "Estimating the Benefits of the Marine Strategy Framework Directive in Atlantic Member States: A Spatial Value Transfer Approach," Ecological Economics, Elsevier, vol. 151(C), pages 82-94.
    20. Kevin J. Boyle & Christopher F. Parmeter, 2017. "Benefit Transfer for Ecosystem Services," Working Papers 2017-07, University of Miami, Department of Economics.

    More about this item

    Keywords

    economic valuation; ecosystem services; benefit transfer method; Wilanów Park;
    All these keywords.

    JEL classification:

    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:war:wpaper:2016-31. 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 Bąba (email available below). General contact details of provider: https://edirc.repec.org/data/fesuwpl.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.