Economic Valuation of Mangrove Ecosystems: Potential and Limitations

CREED Working Paper No 14

Posted: 12 Aug 1997

See all articles by Frank Spaninks

Frank Spaninks

VU University Amsterdam - Institute for Environmental Studies (IVM)

Pieter van Beukering

VU University Amsterdam - Institute for Environmental Studies (IVM)

Date Written: July 1997

Abstract

Mangrove ecosystems provide a range of non-market as well as marketed goods and services, both on and off-site. Yet the full value of mangrove products is not easily recognised, and is, therefore, often neglected in development planning. As a result it is often concluded that mangrove forests should be converted to uses which generate directly marketable products, such as aquaculture. Economic valuation methods offer a more comprehensive assessment of the many goods and services provided by mangrove ecosystems, and hence may contribute to more informed decision-making. The objective of this paper is to review and analyse the scope and limitations of different valuation methods for assessing management alternatives for mangrove ecosystems. The paper compares a range of studies on mangroves with regard to the methodologies employed and the range of products and services valued. It includes a discussion of the benefits of valuation methods for assessing management alternatives, with particular reference to the goods and services of Pagbilao Bay in the Philippines - the study site of the project Economic Valuation of Mangrove-Fishpond Interactions, for which this paper was written. The literature review and the discussion of the Pagbilao case study illustrate the potential of valuation methods for evaluating management alternatives, as well as the practical limitations to their application. In principle, methods are available but the lack of data and quantitative knowledge regarding some key ecological relationships affirm the need to for further inquiry. CREED Working Paper No. 14; Contact: Jacqueline.Saunders@iied.org

JEL Classification: Q23

Suggested Citation

Spaninks, Frank and van Beukering, Pieter, Economic Valuation of Mangrove Ecosystems: Potential and Limitations (July 1997). CREED Working Paper No 14, Available at SSRN: https://ssrn.com/abstract=34764

Frank Spaninks (Contact Author)

VU University Amsterdam - Institute for Environmental Studies (IVM)

De Boelelaan 1115
Amsterdam, 1081 HV
Netherlands

Pieter Van Beukering

VU University Amsterdam - Institute for Environmental Studies (IVM) ( email )

De Boelelaan 1115
Amsterdam, 1081 HV
Netherlands
+ 31 20 444 9555 (Phone)
+ 31 20 444 9553 (Fax)

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