2016
DOI: 10.1007/s11367-016-1210-x
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Budget constraint and the valuation of environmental impacts in Thailand

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Cited by 21 publications
(6 citation statements)
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“…where current value of cost, CVC 2011 , is the Thai people's budget to pay for avoiding 1 DALY of 512,000 THB in 2011 and in 1 PDF in m 2 during 1 year of 0.88 THB in 2011 (derived from 8800 THB/BAHY, and 1 BAHY = − 10,000 PDF m 2 year) estimated by Kaenchan and Gheewala (2017), r is the average inflation rate of Thailand between 2011 and 2019 relying on the obtained inflation rate (GDP deflator) from The World Bank Group (2021), that is 1.83%, and t is the reference year of currency used in the valuation (i.e., 2019). Eventually, in ecosystem quality damage cost assessment, applying a conversion factor of 1 year is 365.25 day 2011) (NASA Official.…”
Section: Damage Cost Assessmentmentioning
confidence: 99%
“…where current value of cost, CVC 2011 , is the Thai people's budget to pay for avoiding 1 DALY of 512,000 THB in 2011 and in 1 PDF in m 2 during 1 year of 0.88 THB in 2011 (derived from 8800 THB/BAHY, and 1 BAHY = − 10,000 PDF m 2 year) estimated by Kaenchan and Gheewala (2017), r is the average inflation rate of Thailand between 2011 and 2019 relying on the obtained inflation rate (GDP deflator) from The World Bank Group (2021), that is 1.83%, and t is the reference year of currency used in the valuation (i.e., 2019). Eventually, in ecosystem quality damage cost assessment, applying a conversion factor of 1 year is 365.25 day 2011) (NASA Official.…”
Section: Damage Cost Assessmentmentioning
confidence: 99%
“…Furthermore, pricing metrics, based on non-market and global value transfer methods, may provide inaccurate country-specific value measurements. Hence, a recent Thailand-specific study, based on an alternative budget constraint method, found that external costs amount to 19% of the Thai retail price of palm biodiesel (Kaenchan and Gheewala, 2017). In contrast, our market-based approach is specifically designed to assess pecuniary economic and welfare impacts, and, at the same time, provide holistic and consistent modelling of a range of (non-monetized) multi-dimensional outcomes, including non-pecuniary nutritional, clinical health and environmental outcomes, and thereby allow policymakers to make informed policy choices based on established trade-offs (and based on their own implicit weighting of pecuniary and non-pecuniary outcomes).…”
Section: Conclusion and Discussionmentioning
confidence: 99%
“…The damage to human health is represented in units of Disability Adjusted Life Year (DALY), the damage to ecosystems is presented in units of Potentially Disappeared Fraction of species (PDF.m 2 .yr), and the damage to resources is quantified in monetary units. The damages could be converted into monetary units (THB) on the basis of the monetary conversion factors provided by Kaenchan and Gheewala [33]. However, before being utilized, the monetary conversion factors were adjusted for the time value of money following Haputta et al [34] as explained in Equation (18) where MCF 2017 indicates the value of monetary conversion factor in 2017; MCF y denotes the value of monetary conversion factor in the year that it was initially calculated (year y); and r is an average inflation rate of Thailand over 2008-2017, i.e., approximately 0.02 [35].…”
Section: Fossil Fuel Consumptionmentioning
confidence: 99%