Using Meta-Analysis to Assess Benefits of Green Infrastructure Investments: Application to Small Urban Projects in Hinesville, GA

22 Pages Posted: 8 Jan 2021

See all articles by Craig E. Landry

Craig E. Landry

UGA Ag & Applied Economics

J. Scott Pippin

University of Georgia

Reza Zarei

University of Georgia - Department of Agricultural & Applied Economics

Date Written: November 3, 2020

Abstract

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

Landry, Craig and Pippin, J. Scott and Zarei, Mohammadreza, Using Meta-Analysis to Assess Benefits of Green Infrastructure Investments: Application to Small Urban Projects in Hinesville, GA (November 3, 2020). Available at SSRN: https://ssrn.com/abstract=3724449 or http://dx.doi.org/10.2139/ssrn.3724449

Craig Landry (Contact Author)

UGA Ag & Applied Economics ( email )

Athens, GA 30602-7509
United States

J. Scott Pippin

University of Georgia ( email )

Athens, GA 30602-6254
United States

Mohammadreza Zarei

University of Georgia - Department of Agricultural & Applied Economics ( email )

Athens, GA 30602
United States

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