The Wetland Book pp 2127-2132 | Cite as

Economic Valuation of Wetlands: Total Economic Value

  • Lucy Emerton
Reference work entry


Total economic value (TEV) is one of the most widely used and commonly accepted frameworks for classifying wetland economic benefits and for attempting to integrate them into decision-making. Its major innovation is that, rather than just considering commercial or extractive values, TEV also takes into account subsistence and nonmarket values, ecological functions, and nonuse benefits. TEV is used to overcome the problems associated with the under-valuation of wetland benefits that has plagued conventional economic analysis and decision-making.


Economic value Wetland services Decision-making 


  1. Barbier E. Valuing environmental functions: tropical wetlands. Land Econ. 1994;70:155–73.CrossRefGoogle Scholar
  2. Barbier E, Acreman M, Knowler D. Economic valuation of wetlands: a guide for policy makers and planners. Gland: Ramsar Convention Bureau; 1997.Google Scholar
  3. Bateman I, Lovett A, Brainard J. Applied environmental economics. Cambridge: Cambridge University Press; 2003.CrossRefGoogle Scholar
  4. Brander LM, Florax R, Vermaat JE. The empirics of wetland valuation: a comprehensive summary and a meta-analysis of the literature. Environ Resour Econ. 2006;33:223–50.CrossRefGoogle Scholar
  5. Brouwer R, Langford L, Bateman L, Turner R. A meta-analysis of wetland contingent valuation studies. Reg Environ Chang. 1999;1:47–57.CrossRefGoogle Scholar
  6. de Groot R, Stuip M, Finlayson M, Davidson N. Valuing wetlands: guidance for valuing the benefits derived from wetland ecosystem services. Gland: Ramsar Bureau Secretariat; 2006.Google Scholar
  7. Emerton L, editor. Values and rewards: counting and capturing ecosystem water services for sustainable development, Water, nature and economics technical paper No. 1. Gland: IUCN; 2005.Google Scholar
  8. Emerton L, Bos E. Value. Counting ecosystems as an economic part of water infrastructure. Gland: IUCN; 2004.CrossRefGoogle Scholar
  9. Finlayson CM, D’Cruz R, Davidson NC. Ecosystems and human well-being: wetlands and water. Synthesis. Millennium ecosystem assessment. Washington, DC: World Resources Institute; 2005.Google Scholar
  10. Ledoux L. Wetland valuation: state of the art and opportunities for further development, Working paper PA 04-01. London: CSERGE; 2004.Google Scholar
  11. OECD. Total economic value. In: OECD, editor. Cost-benefit analysis and the environment: recent developments. Paris: OECD; 2006.Google Scholar
  12. Pascual U, Muradian R. The economics of valuing ecosystem services and biodiversity. In: Kumar P, editor. The economics of ecosystems and biodiversity: ecological and economic foundations. London/Washington: Earthscan; 2010.Google Scholar
  13. Pearce D. Economic values and the natural world. London: Earthscan; 1993.Google Scholar
  14. Pearce D, Markandya A, Barbier E. Blueprint for a green economy. London: Earthscan; 1989.Google Scholar
  15. Schuyt K, Brander L. The economic values of the world’s wetlands. Gland: WWF International; 2004.Google Scholar
  16. TEEB. The economics of ecosystems and biodiversity: mainstreaming the economics of nature: a synthesis of the approach, conclusions and recommendations of TEEB. Nairobi: United Nations Environment Programme; 2010.Google Scholar
  17. Woodward R, Wui Y. The economic value of wetland services: a meta-analysis. Ecol Econ. 2001;7:257–70.CrossRefGoogle Scholar

Copyright information

© Springer Science+Business Media B.V., part of Springer Nature 2018

Authors and Affiliations

  1. 1.Environment Management GroupColomboSri Lanka

Personalised recommendations