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Environmental issues and economic decisions in developing countries

World development, 1993-11, Vol.21 (11), p.1729-1748 [Peer Reviewed Journal]

1993 ;Copyright Pergamon Press Inc. Nov 1993 ;ISSN: 0305-750X ;EISSN: 1873-5991 ;DOI: 10.1016/0305-750X(93)90080-S ;CODEN: WODEDW

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Title:
Environmental issues and economic decisions in developing countries
Author: Munasinghe, Mohan
Subjects: Benefit cost analysis ; Decision Making ; Decision Models ; Developing Countries ; Developing Nations ; Development Programs ; Economic Policy ; Economic theory ; Economics ; Environment ; Environmental economics ; Environmental impact ; Environmental Politics ; Environmental Protection ; Environmentalism ; LDCs ; Manycountries ; Natural resources ; Social Policy ; Sustainable development ; Valuation
Is Part Of: World development, 1993-11, Vol.21 (11), p.1729-1748
Description: This paper explains the key role of environmental economics in incorporating environmental concerns into decision making and in facilitating the more efficient management of natural resources as a step toward sustainable development. It reviews concepts and techniques for valuation of environmental impacts for use in conventional cost-benefits analysis, as well as key related aspects including environmental impacts of economywide policies, multicriteria analysis, risk and uncertainty, and discount rate issues. Several developing country case studies are summarized which cover a range of practical valuation methods. The evidence presented suggests that the valuation techniques for determining “use values” may be applied successfully in appropriate cases, but examples involving “nonuse values” are rare. The use of multiobjective desicion methods also needs to be explored, where economic valuation is not feasible.
Publisher: Oxford, Eng: Elsevier Ltd
Language: English
Identifier: ISSN: 0305-750X
EISSN: 1873-5991
DOI: 10.1016/0305-750X(93)90080-S
CODEN: WODEDW
Source: Alma/SFX Local Collection
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Environmental issues and economic decisions in developing countries

1993 ;Copyright Pergamon Press Inc. Nov 1993 ;ISSN: 0305-750X ;EISSN: 1873-5991 ;DOI: 10.1016/0305-750X(93)90080-S ;CODEN: WODEDW

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