Problems with the valuation of Scotland's environment
Common, Michael (2003) Problems with the valuation of Scotland's environment. Quarterly Economic Commentary, 28 (2). pp. 30-32. ISSN 0306-7866
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Abstract
A paper by Williams et al, 'Exploring the value of Scotland's environment', in the March 2003 issue of this journal, estimated ‘the annual value of the ecosystem services generated by Scotland's marine and terrestrial biomes' as £17.258 billion. This estimate was arrived at by adopting the methodology used by Costanza et al (1997a) to value ecosystem services for the globe as a whole. The first problem with this estimate is that it relates to a definition for which it makes no sense to produce an estimate. The second is that it is based on poor quality data.
Creators(s): | Common, Michael; | Item type: | Article |
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ID code: | 47075 |
Keywords: | environmental valuation, Scotland, ecosystem services, Public Finance, Environmental Sciences, Environmental Science (miscellaneous), Economics, Econometrics and Finance(all) |
Subjects: | Social Sciences > Public Finance Geography. Anthropology. Recreation > Environmental Sciences |
Department: | Strathclyde Business School > Graduate School of Environmental Studies Strathclyde Business School > Fraser of Allander Institute |
Depositing user: | Pure Administrator |
Date deposited: | 04 Mar 2014 09:32 |
Last modified: | 01 Jan 2021 01:52 |
Related URLs: | |
URI: | https://strathprints.strath.ac.uk/id/eprint/47075 |
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