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.

    Author(s):Common, Michael
    Item type:Article
    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:03 Jan 2020 03:00
    Related URLs:
    URI:https://strathprints.strath.ac.uk/id/eprint/47075
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