Using Meta-Analysis to Assess Benefits of Green Infrastructure Investments: Application to Small Urban Projects in Hinesville, GA
22 Pages Posted: 8 Jan 2021
Date Written: November 3, 2020
Small scale urban green infrastructure projects can provide local ecological services that should be accounted for in project assessment. Benefits assessment can be expensive and time consuming; benefit transfer provides an economical alternative, but the quality of the analysis depends upon available data. The best-case scenario for benefit transfer is to utilize a meta-analysis. In this paper, we use the meta-analysis of Bockarjova, et al. (2020) to predict ecological benefits of small scale urban green infrastructure investments in Hinesville, GA. In doing so, we implement a censoring procedure on the benefit transfer function to permit analysis of small-scale (less than one-hectare) projects. We find evidence of substantial net economic benefits, with estimates ranging from $657,000 to over $5million.
Keywords: green infrastructure, benefit-cost analysis, benefit transfer
JEL Classification: D61, Q01, Q24
Suggested Citation: Suggested Citation