Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.ecolecon.2017.05.008 |
How Sensitive Are Environmental Valuations To Economic Downturns? | |
Loureiro, Maria L.1; Loomis, John2 | |
2017-10-01 | |
发表期刊 | ECOLOGICAL ECONOMICS
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ISSN | 0921-8009 |
EISSN | 1873-6106 |
出版年 | 2017 |
卷号 | 140 |
文章类型 | Article |
语种 | 英语 |
国家 | Spain; USA |
英文摘要 | This paper assesses the temporal stability of willingness to pay estimates (WTP) under changing economic conditions. Specifically, two questions are addressed: a) is WTP stable over time? And b) if it is not, are the changes just driven by socio-economic effects, or something else? In order to investigate these questions, we used data from the Contingent Valuation Method (CVM) study conducted after the Prestige oil spill in Spain in 2006, and a second wave of the same survey repeated in 2009, after Spain entered a serious recession. Median WTP estimates dropped from sic60.36 in 2006 to sic26.92 in 2009 per household, a statistically significant reduction. To investigate the amount of the drop in WTP due to observables versus changes in preferences between 2006 and 2009, we use the 2006 logit WTP coefficient estimates with 2009 levels of the independent variables and we obtain a WTP of sic46.37. This estimate is statistically different from the 2009 estimate (sic26.92). In the same fashion, by using 2009 logit WTP coefficients with 2006 data, we obtain an estimate of 50.29, also different from the 2006 estimate. Implications of these findings for temporal stability of welfare measures and benefit transfer exercises are also discussed. (C) 2017 Elsevier B.V. All rights reserved. |
英文关键词 | WTP sensitivity Passive use value Economic conditions |
领域 | 资源环境 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000403988100022 |
WOS关键词 | TEST-RETEST RELIABILITY ; CONTINGENT VALUATION ; TEMPORAL RELIABILITY ; STABILITY ; RESPONSES ; CHOICE |
WOS类目 | Ecology ; Economics ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Environmental Sciences & Ecology ; Business & Economics |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/15536 |
专题 | 资源环境科学 |
作者单位 | 1.Univ Santiago de Compostela, Dept Fundamentos & Anal Econ, Santiago De Compostela, Spain; 2.Colorado State Univ, Dept Agr & Resource Econ, Ft Collins, CO 80523 USA |
推荐引用方式 GB/T 7714 | Loureiro, Maria L.,Loomis, John. How Sensitive Are Environmental Valuations To Economic Downturns?[J]. ECOLOGICAL ECONOMICS,2017,140. |
APA | Loureiro, Maria L.,&Loomis, John.(2017).How Sensitive Are Environmental Valuations To Economic Downturns?.ECOLOGICAL ECONOMICS,140. |
MLA | Loureiro, Maria L.,et al."How Sensitive Are Environmental Valuations To Economic Downturns?".ECOLOGICAL ECONOMICS 140(2017). |
条目包含的文件 | 条目无相关文件。 |
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