The economics of natural environments: Studies in the valuation of commodity and amenity resources

Natural Environments


INTRODUCTION

The interaction of these supply and demand factors led him to predict that the value of wilderness protection, relative to the value of resources that might be extracted from such natural environments, would increase over time. Although this conceptual framework for wilderness preservation was then considered novel (Porter 1982) and was subsequently applied to the empirical analysis of a range of policy issues (Krutilla and Fisher 1975), the fundamental hypothesis that the value of wilderness protection will increase over time has not been rigorously evaluated. In the next two sections, we describe what is meant by economic value and economic impact and explain why these two economic measures cannot be added together .

In contrast, natural resource amenities are not generally traded on the markets, because they are particularly difficult or impossible to measure (Krautkreamer, 2005; Poudyal et al., 2008 ). Thus the consumption of resource amenities is not controlled (Krutilla and Fisher, 1985; Rowthorn and Brown, 1995), and such amenities are currently being depleted at critical rates (Krautkreamer, 2005). To emphasise, there is a direct relation between externalities, underpricing and allocation of property rights.

TABLE OF CONTENTS
Cover Page – – – – – – – – – –
Title Page – – – – – – – – – –
Certification – – – – – – – – – –
Dedication – – – – – – – – – –
Acknowledgement – – – – – – – – –
Abstract – – – – – – – – – –
Table of Content – – – – – – – – –
Chapter One: Introduction
Background of the Study – – – – – –
Statement of the Problem – – – – – –
Objectives of the Study – – – – – – –
Research Questions – – – – – – –
Research Hypotheses – – – – – – –
Significance of the Study – – – – – – –
Scope/ Limitation of the Study – – – – – –
Definition of Terms – – – – – – –
Chapter Two: Review of Related Literature
2.1 Introduction – – – – – – – – –
2.2 Conceptual Framework – – – – – – –
2.3 Theoretical Framework – – – – – – –
2.4 Empirical Review – – – – – – – –

Chapter Three: Research Methodology
3.1 Introduction – – – – – – – –
3.1 Research Design – – – – – – – –
3.3 Area of the Study – – – – – – – –
3.4 Population of the Study – – – – – – –
3.5 Sample Size and Sampling Techniques – – – –
3.6 Instrumentation – – – – – – – –
3.7 Validation of the Instrument – – – – – –
3.8 Administration of the Instrument – – – – –
3.9 Method of Data Analysis – – – – – – –

Chapter Four: Presentation, Analysis and Interpretation of Data
4.1 Introduction – – – – – – – – –
4.2 Presentation and Analysis of Data – – – – –
4.3 Testing of Hypotheses – – – – – – –
4.4 Discussion of Findings – – – – – – –
Chapter Five: Summary, Conclusion and Recommendations
5.1 Introduction – – – – – – – – –
5.2 Summary – – – – – – – – –
5.3 Conclusion-------------------