The Economic Value of Land-based Ecosystem Services in Portugal: A Spatially Explicit Approach

49 Pages Posted: 23 Jan 2023

See all articles by João Seixo

João Seixo

Nova School of Business and Economics

Carina Vieira da Silva

Nova School of Business and Economics

Felipe S. Campos

affiliation not provided to SSRN

Pedro Cabral

affiliation not provided to SSRN

Luis C. Nunes

Nova School of Business and Economics

Maria Antonieta Cunha-e-Sa

Nova School of Business and Economics

Date Written: January 19, 2023

Abstract

This study estimates the economic value of seven land based ecosystem services for mainland Portugal in 2018. The estimated services are Climate Regulation, Drought Regulation, Erosion Prevention, using the market price methodology, and Food Supply, Pollination, Recreation and Water Purification using a meta-analytic benefit transfer function. By estimating a unique meta-analytic benefit transfer function for each service, the commodity consistency condition is addressed. Different welfare measures were not pooled together and methodological variables are not included in the vector of explanatory variables. The results are spatially explicit at the hectare level providing the benchmark to which the consequences of land-use changes to the value of ecosystem services and, therefore, to the welfare of local populations can be adequately assessed.

Keywords: Ecosystem Services, Meta-analysis, Benefit Transfer, Economic Valuation, Portugal

Suggested Citation

Seixo, João and Vieira da Silva, Carina and S. Campos, Felipe and Cabral, Pedro and Nunes, Luis Catela and Cunha-e-Sa, Maria Antonieta, The Economic Value of Land-based Ecosystem Services in Portugal: A Spatially Explicit Approach (January 19, 2023). Nova SBE Working Paper Series No. 656, Available at SSRN: https://ssrn.com/abstract=4330672 or http://dx.doi.org/10.2139/ssrn.4330672

João Seixo (Contact Author)

Nova School of Business and Economics ( email )

Campus de Carcavelos
Rua da Holanda, 1
Carcavelos, 2775-405
Portugal

Carina Vieira da Silva

Nova School of Business and Economics ( email )

Campus de Carcavelos
Rua da Holanda, 1
Carcavelos, 2775-405
Portugal

Felipe S. Campos

affiliation not provided to SSRN ( email )

No Address Available

Pedro Cabral

affiliation not provided to SSRN ( email )

No Address Available

Luis Catela Nunes

Nova School of Business and Economics ( email )

Nova SBE
Rua da Holanda, 1
Carcavelos, 2775-405
Portugal

Maria Antonieta Cunha-e-Sa

Nova School of Business and Economics ( email )

Campus de Carcavelos
Rua da Holanda, 1
Carcavelos, 2775-405
Portugal

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