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dc.contributor.authorYao, Richard
dc.contributor.authorKaval, Pamela
dc.date.accessioned2008-12-14T20:45:40Z
dc.date.available2008-12-14T20:45:40Z
dc.date.issued2007-09
dc.identifier.citationYao, R. & Kaval, P. (2007). Non market valuation in New Zealand: 1974 through 2005. (Department of Economics Working Paper Series, Number 17/07). Hamilton, New Zealand: University of Waikato.en_US
dc.identifier.urihttps://hdl.handle.net/10289/1608
dc.description.abstractNon-market valuation (NMV) is recognized as an essential tool in policy decision making worldwide. In this paper, we investigate the history of NMV, specifically in relation to New Zealand (NZ), by compiling and analyzing all available published studies. Results show a significant increase in the number of studies, specifically those requested by government agencies, following the passage of the NZ Resource Management Act of 1991. Studies were found to be concentrated in three major areas: outdoor recreation, environmental conservation/management, and travel time savings. These three areas covered eight environmental commodities, the value of which totaled NZ$72 billion, or 50% of NZ GDP, with the highest valued commodity being biodiversity services. While our analysis yielded many positive results, we did discover, however, a severe lack of studies in many areas including pest control, water resources and outdoor recreation.en_US
dc.format.mimetypeapplication/pdf
dc.language.isoen
dc.publisherWaikato Management Schoolen_NZ
dc.relation.ispartofseriesDepartment of Economics Working Paper Series
dc.subjectnon-market valuationen_US
dc.subjectNew Zealanden_US
dc.subjectconsumer surplusen_US
dc.subjectResource Management Acten_US
dc.titleNon market valuation in New Zealand: 1974 through 2005en_US
dc.typeWorking Paperen_US
uow.relation.series17/07
dc.relation.isPartOfWorking Paper in Economicsen_NZ
pubs.elements-id53456


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