Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/185308 
Year of Publication: 
2018
Series/Report no.: 
IZA Discussion Papers No. 11848
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
Do institutions and culture affect environmental values? In this article we analyze 1,041 environmental valuations of 223 wetlands in 38 developing countries, to examine the effect of institutions and culture on environmental values. We assess three dimensions of institutional quality: economic freedom, democracy, and good governance. We also consider the impact of cultural differences. Possibly surprisingly, wetland values are lower in more market based economies and they are lower in cultures that are more indulgent and authoritarian. In contrast, improved government effectiveness increases wetland valuations. Understanding these important and varying effects of institutions and culture on wetland valuations is important for policy development and environmental preservation.
Subjects: 
institutions
culture
wetlands
valuations
environmental preferences
meta-regression
JEL: 
Q3
H4
O13
P48
Document Type: 
Working Paper

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