Public goods in rural areas as endogenous drivers of income: Developing a framework for country landscape valuation
Bazyli Czyżewski , Anna Matuszczak , Andrzej Czyżewski , Agnieszka Brelik
AbstractRural areas are where many environmental and cultural public goods occur, creating a country landscape. Their agro-ecological infrastructure delivers things people directly value, such as food, fibre and energy, but the market fails when it comes to the valuation of public goods. For this purpose, indirect valuation methods are used, but these encounter many methodological problems. The aim of this study is to create a conceptual framework for the economic rent valuation (ERV) method, which estimates the economic rent resulting from the random endogenous influences of public goods on production factors in rural areas. The ERV method attempts to reduce the biases of the market-based and contingent valuation methods that result from the model misspecification and unrevealed preferences, and advocates for adoption of the variance component model. The article also presents an illustrative application of ERV based on the case of the West Pomeranian region of Poland, which reveals the potential advantages of ERV.
|Journal series||Land Use Policy, ISSN 0264-8377, e-ISSN 1873-5754, (N/A 140 pkt)|
|Publication size in sheets||0.55|
|Keywords in Polish||wycena krajobrazu, obszary wiejskie, dobra publiczne, wycena rynkowa, regresja hedoniczna, renta ekonomiczna|
|Keywords in English||Landscape, Rural areas, Public goods, Market-based valuation, Hedonic pricing, Economic rent|
|ASJC Classification||; ; ;|
|Score||= 140.0, 30-06-2020, ArticleFromJournal|
|Publication indicators||: 2018 = 1.678; : 2017 = 3.194 (2) - 2017=3.662 (5)|
|Citation count*||1 (2020-06-29)|
|Uwagi||First online: 5 May 2020, In Press, Corrected Proof|
* presented citation count is obtained through Internet information analysis and it is close to the number calculated by the Publish or Perish system.