The economic valuation methods of environment: Application to mangrove ecosystem (products) along Karachi coastal areas [Pakistan]
2000
Khalil, S. (Punjab Univ., Lahore (Pakistan). Dept. of Economics)
The mangroves of the Indus Delta in the Karachi, Pakistan coastal areas provide a wealth of goods and services to people who live and work among them. However, these products are not sold in established markets. So their economic importance goes unrecognized. As a result, the expansion of regional industry, agriculture and population are permitted to threaten the sustainability of the mangroves ecosystems. This study describes various economic valuation methods of environment and their application to the broad array of goods and services provided by the mangroves and uses market data to estimate the economic value of a few of them. It then argues for the importance of more thorough mangrove valuation studies as a crucial input into policy decisions which will affect the viability of mangrove ecosystems in the future.
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