An empirical study on valuing natural resources economic values using benefit transfer method

Ling Zhao, Erda Wang

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

In the recent years benefit transfer method has become a hot research area in the evaluation of non-market natural resources. Amide a variety of adopted research methodologies,Meta-regression benefit transfer method has become a mostly used one.In this paper, a large dataset based on the empirical non-market valuation study results reported in the United States was analyzed. This dataset is used to estimate a meta-regression model that was used to predict the corresponding recreation resources and activities values in China. The convergent validity of the meta-analytic international benefit transfer is tested against the observed recreation activity values in China. In the process, a relative percentage error indicator, paired t-test, and the Wilcoxon Signed Rank test are used. The mean benefit transfer error is 18.74%, an acceptable value for international transfer. These results suggest that the international benefit transfer could be reliably used in valuing outdoor recreational activities in China.

Original languageEnglish
Title of host publicationEnvironment Science and Materials Engineering
Pages1017-1021
Number of pages5
DOIs
Publication statusPublished - Nov 26 2012
Event2012 International Conference on Environment Materials and Environment Management, EMEM 2012 - Wuhan, China
Duration: Aug 4 2012Aug 4 2012

Publication series

NameAdvanced Materials Research
Volume573-574
ISSN (Print)1022-6680

Other

Other2012 International Conference on Environment Materials and Environment Management, EMEM 2012
CountryChina
CityWuhan
Period8/4/128/4/12

Fingerprint

Natural resources
Economics
Amides

All Science Journal Classification (ASJC) codes

  • Engineering(all)

Cite this

Zhao, L., & Wang, E. (2012). An empirical study on valuing natural resources economic values using benefit transfer method. In Environment Science and Materials Engineering (pp. 1017-1021). (Advanced Materials Research; Vol. 573-574). https://doi.org/10.4028/www.scientific.net/AMR.573-574.1017

An empirical study on valuing natural resources economic values using benefit transfer method. / Zhao, Ling; Wang, Erda.

Environment Science and Materials Engineering. 2012. p. 1017-1021 (Advanced Materials Research; Vol. 573-574).

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Zhao, L & Wang, E 2012, An empirical study on valuing natural resources economic values using benefit transfer method. in Environment Science and Materials Engineering. Advanced Materials Research, vol. 573-574, pp. 1017-1021, 2012 International Conference on Environment Materials and Environment Management, EMEM 2012, Wuhan, China, 8/4/12. https://doi.org/10.4028/www.scientific.net/AMR.573-574.1017
Zhao L, Wang E. An empirical study on valuing natural resources economic values using benefit transfer method. In Environment Science and Materials Engineering. 2012. p. 1017-1021. (Advanced Materials Research). https://doi.org/10.4028/www.scientific.net/AMR.573-574.1017
Zhao, Ling ; Wang, Erda. / An empirical study on valuing natural resources economic values using benefit transfer method. Environment Science and Materials Engineering. 2012. pp. 1017-1021 (Advanced Materials Research).
@inproceedings{68e3664c64024001995281977c3894db,
title = "An empirical study on valuing natural resources economic values using benefit transfer method",
abstract = "In the recent years benefit transfer method has become a hot research area in the evaluation of non-market natural resources. Amide a variety of adopted research methodologies,Meta-regression benefit transfer method has become a mostly used one.In this paper, a large dataset based on the empirical non-market valuation study results reported in the United States was analyzed. This dataset is used to estimate a meta-regression model that was used to predict the corresponding recreation resources and activities values in China. The convergent validity of the meta-analytic international benefit transfer is tested against the observed recreation activity values in China. In the process, a relative percentage error indicator, paired t-test, and the Wilcoxon Signed Rank test are used. The mean benefit transfer error is 18.74{\%}, an acceptable value for international transfer. These results suggest that the international benefit transfer could be reliably used in valuing outdoor recreational activities in China.",
author = "Ling Zhao and Erda Wang",
year = "2012",
month = "11",
day = "26",
doi = "10.4028/www.scientific.net/AMR.573-574.1017",
language = "English",
isbn = "9783037854952",
series = "Advanced Materials Research",
pages = "1017--1021",
booktitle = "Environment Science and Materials Engineering",

}

TY - GEN

T1 - An empirical study on valuing natural resources economic values using benefit transfer method

AU - Zhao, Ling

AU - Wang, Erda

PY - 2012/11/26

Y1 - 2012/11/26

N2 - In the recent years benefit transfer method has become a hot research area in the evaluation of non-market natural resources. Amide a variety of adopted research methodologies,Meta-regression benefit transfer method has become a mostly used one.In this paper, a large dataset based on the empirical non-market valuation study results reported in the United States was analyzed. This dataset is used to estimate a meta-regression model that was used to predict the corresponding recreation resources and activities values in China. The convergent validity of the meta-analytic international benefit transfer is tested against the observed recreation activity values in China. In the process, a relative percentage error indicator, paired t-test, and the Wilcoxon Signed Rank test are used. The mean benefit transfer error is 18.74%, an acceptable value for international transfer. These results suggest that the international benefit transfer could be reliably used in valuing outdoor recreational activities in China.

AB - In the recent years benefit transfer method has become a hot research area in the evaluation of non-market natural resources. Amide a variety of adopted research methodologies,Meta-regression benefit transfer method has become a mostly used one.In this paper, a large dataset based on the empirical non-market valuation study results reported in the United States was analyzed. This dataset is used to estimate a meta-regression model that was used to predict the corresponding recreation resources and activities values in China. The convergent validity of the meta-analytic international benefit transfer is tested against the observed recreation activity values in China. In the process, a relative percentage error indicator, paired t-test, and the Wilcoxon Signed Rank test are used. The mean benefit transfer error is 18.74%, an acceptable value for international transfer. These results suggest that the international benefit transfer could be reliably used in valuing outdoor recreational activities in China.

UR - http://www.scopus.com/inward/record.url?scp=84869427751&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=84869427751&partnerID=8YFLogxK

U2 - 10.4028/www.scientific.net/AMR.573-574.1017

DO - 10.4028/www.scientific.net/AMR.573-574.1017

M3 - Conference contribution

AN - SCOPUS:84869427751

SN - 9783037854952

T3 - Advanced Materials Research

SP - 1017

EP - 1021

BT - Environment Science and Materials Engineering

ER -