Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/142627 
Year of Publication: 
2011
Series/Report no.: 
EERI Research Paper Series No. 20/2011
Publisher: 
Economics and Econometrics Research Institute (EERI), Brussels
Abstract: 
The present paper provides a meta-analysis of agricultural landscape valuation studies and through the estimated benefit transfer function it projects the value of EU landscape. The analyses are based on information from more than thirty European and non-European studies which use a stated preference approach to uncover society's willingness to pay (WTP) for agricultural landscape. Our calculations show that, the WTP in the EU varies between 134 and 201 €/ha with an average value of 149 €/ha in 2009. Furthermore the calculations indicate that the total value of EU landscape in 2009 is estimated to be in the range of €24.5 – 36.6 billion per year, with an average of €27.1 billion, representing around 8 percent of the total value of EU agricultural production and roughly half of the CAP expenditures.
Subjects: 
Agricultural landscape
valuation
willingness to pay
meta-analysis
benefit transfer
JEL: 
H23
H31
Q12
Q51
Q57
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.