The Contribution of Scenic Beauty Indicators in Estimating Environmental Welfare Measures: A Case Study |
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| Authors: | Fanariotu Ioanna Skuras Dimitris |
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| Affiliation: | (1) Managing Authority of Regional Operational, Programme of Western Greece, N.E.O. Patron-Athinon 28, Patras, 26441, Greece;(2) Department of Economics, University of Patras, University Campus – Rio, P.O. Box 1391, Patras, 26500, Greece; Author for correspondence;: Fax |
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| Abstract: | Aesthetic indicators of landscapes, expressedas individual scenic beauty estimates, may beused as proxies of individuals' specificaesthetic values, and improve the properties ofwelfare estimates produced by contingentvaluation models. This work presents resultsfrom an interdisciplinary study where forestscenic beauty indicators are utilized in aneconomic valuation study approximating welfareestimates from increased forest fireprotection. The omission of scenic beautyindicators from the economic valuation ofenvironmental resources produces biased andoverestimated welfare measures. Combiningeconomic and environmental indicatorssignificantly improves the explanatory power ofeconomic valuation models and of the producedwelfare measures. Such a combination, however,is only possible when carried out byinterdisciplinary research teams. The resultsof such research are significant toenvironmental and natural resource policymakers and planners. |
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| Keywords: | contingent valuation forest fires forest landscape landscape conservation scenic beauty estimates |
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