2019
DOI: 10.1016/j.ecolecon.2018.11.014
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Institutions, Culture, and Wetland Values

Abstract: Any opinions expressed in this paper are those of the author(s) and not those of IZA. Research published in this series may include views on policy, but IZA takes no institutional policy positions. The IZA research network is committed to the IZA Guiding Principles of Research Integrity. The IZA Institute of Labor Economics is an independent economic research institute that conducts research in labor economics and offers evidence-based policy advice on labor market issues. Supported by the Deutsche Post Founda… Show more

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Cited by 18 publications
(12 citation statements)
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“…To mitigate the risk of reverse causality, this study follows Chaikumbung et al 35 and Chaikumbung 36 by using three 3-year lags in democracy and also public health expenditure variables. Lagged values are based on the idea that even if democracy and public health spending today are correlated with WTP for healthcare services but not causing them, then lagged values in democracy and public health expenditure are more likely to cause valuations.…”
Section: Methodsmentioning
confidence: 99%
“…To mitigate the risk of reverse causality, this study follows Chaikumbung et al 35 and Chaikumbung 36 by using three 3-year lags in democracy and also public health expenditure variables. Lagged values are based on the idea that even if democracy and public health spending today are correlated with WTP for healthcare services but not causing them, then lagged values in democracy and public health expenditure are more likely to cause valuations.…”
Section: Methodsmentioning
confidence: 99%
“…[76] (pp. [21][22][23][24][25][26] Therefore, efficiency is determined by the institutional set (property rights). A further development of this concept is new institutional economics (NIE), which focuses on the role that culture, legal systems, political institutions, and other instances have on economic development.…”
Section: The Umbrella Frameworkmentioning
confidence: 99%
“…Hence, grasslands represent the least understood biome in terms of their true value for sustainable economic uses and their contribution to human health and well-being through sociocultural services [20,21]. Better understanding social dynamics, including indigenous and traditional values, requires science-based valuations to leverage narratives on the region's sustainable development [22][23][24][25][26]. De facto, interdisciplinary research incorporating socio-economic approaches as important determinants of value is critical for policy making [12,18,[26][27][28].…”
Section: Introductionmentioning
confidence: 99%
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“…Despite their many services, the current situation regarding wetlands around the world is one of the decline and deterioration. Between 1970 and 2015, both inland and coastal wetland areas decreased by about 35% (Ramsar Convention on Wetlands, 2018), particularly in developing countries (Chaikumbung, Doucouliagos, & Scarborough, 2019). In Thailand, wetlands covered an area of 36,616 km 2 or 7.5% of the country area.…”
Section: Introductionmentioning
confidence: 99%