We undertook a systematic review of the empirical valuation literature relating to benefits associated with Indigenous protected Areas (IPAs), revealing that some benefits are quantified in monetary terms more frequently than others, both in Australia and elsewhere. This does not mean that the quantified benefits are more important than other benefits. Instead it indicates that they are easier to quantify. As a result, there are substantive gaps in our understanding of numerous benefits – of their value to different people, in different contexts, in their entirety, and relative to other benefits (Section 5). Our research indicated that while a lack of price does not mean lack of value, it often means lack of ‘visibility’ or ‘presence’. So, vitally important non-market goods and services associated with IPAs may be overlooked, particularly by decision-makers who are driven by quantitative and/or economic data. It is important to find ways of highlighting the importance of those non-market benefits, so that resources can be directed in a manner that generates most benefit per dollar spent.
History
Publication title
Human Dimensions of Wildlife
Volume
21
Issue
4
Pagination
345-360
ISSN
1087-1209
Department/School
College Office - College of Business and Economics
Publisher
Taylor & Francis Inc.
Place of publication
United States
Rights statement
Copyright 2016 Taylor & Francis
Repository Status
Restricted
Socio-economic Objectives
Marine biodiversity; Consumption patterns, population issues and the environment