The Values of Natural and Constructed Wetlands: A Meta-Analysis

TI (Tinbergen Institute) 2009-080/3

24 Pages Posted: 18 Sep 2009

See all articles by Andrea Ghermandi

Andrea Ghermandi

School for Advanced Studies in Venice Foundation

Jeroen C. J. M. Van den Bergh

Autonomous University of Barcelona - Faculty of Economics and Business Studies; Vrije Universiteit Amsterdam, School of Business and Economics; Tinbergen Institute

Luke M. Brander

Institute for Environmental Studies (IVM)

Henri L. F. de Groot

Vrije Universiteit Amsterdam; Tinbergen Institute

Paulo Nunes

affiliation not provided to SSRN

Date Written: September 17, 2009

Abstract

The values of goods and services provided by natural and constructed wetlands are examined through a meta-analysis of 418 observations of the economic value of 186 wetlands. Water quality improvement, non-consumptive recreation, and provision of natural habitat and biodiversity turn out to be highly valued services. Substitution effects are observed through the negative correlation between values and proximity to other wetlands. Values are found to increase with anthropogenic pressure. Constructed wetlands are highly valued for biodiversity enhancement, water quality improvement, and flood control. This study provides a substantially new contribution in relation to previous meta-analyses of the wetland valuation literature.

Keywords: constructed ecosystems, economic valuation, constructed wetlands, meta-regression, wetland values

JEL Classification: C81, Q24

Suggested Citation

Ghermandi, Andrea and Van den Bergh, Jeroen C. J. M. and Brander, Luke M. and de Groot, Henri L.F. and Nunes, Paulo, The Values of Natural and Constructed Wetlands: A Meta-Analysis (September 17, 2009). TI (Tinbergen Institute) 2009-080/3, Available at SSRN: https://ssrn.com/abstract=1474751 or http://dx.doi.org/10.2139/ssrn.1474751

Andrea Ghermandi (Contact Author)

School for Advanced Studies in Venice Foundation ( email )

Island of San Servolo
Venice, 30100
Italy

Jeroen C. J. M. Van den Bergh

Autonomous University of Barcelona - Faculty of Economics and Business Studies ( email )

Campus Bellaterra
Barcelona, 08193
Spain

Vrije Universiteit Amsterdam, School of Business and Economics ( email )

De Boelelaan 1105
Amsterdam, 1081HV
Netherlands

Tinbergen Institute ( email )

Burg. Oudlaan 50
Rotterdam, 3062 PA
Netherlands

Luke M. Brander

Institute for Environmental Studies (IVM) ( email )

De Boelelaan 1115
Amsterdam, 1081 HV
Netherlands

Henri L.F. De Groot

Vrije Universiteit Amsterdam ( email )

De Boelelaan 1105
Amsterdam, 1081 HV
Netherlands
0640494981 (Phone)
2135 DL (Fax)

Tinbergen Institute

Gustav Mahlerplein 17
Amsterdam, 1082 MS
Netherlands

Paulo Nunes

affiliation not provided to SSRN ( email )

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