The relationship between environmental values and income in a transition economy: Surface water quality in Latvia

Richard C. Ready, Jânis Malzubris, Silva Senkane

Research output: Contribution to journalArticle

24 Citations (Scopus)

Abstract

A contingent valuation study measured citizen willingness to pay (WTP) for an improvement in surface water quality in Latvia. The average respondent was willing to pay 0.7 per cent of household income for the environmental improvement, but that amount was much less than needed to finance the required investments in treatment facilities. While the income elasticity of WTP for the average resident was low (0.56), it increases as income increases, reaching 0.9 at an income level double the current average. As real incomes increase in Latvia, the demand for environmental quality by citizens can be expected to increase substantially.

Original languageEnglish (US)
Pages (from-to)147-156
Number of pages10
JournalEnvironment and Development Economics
Volume7
Issue number1
StatePublished - Feb 1 2002

Fingerprint

environmental values
Latvia
income
surface water
water quality
water
economy
willingness to pay
Values
citizen
contingent valuation
environmental quality
household income
finance
elasticity
resident
Transition economies
Income
Willingness-to-pay
Environmental values

All Science Journal Classification (ASJC) codes

  • Development
  • Environmental Science(all)
  • Economics and Econometrics

Cite this

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The relationship between environmental values and income in a transition economy : Surface water quality in Latvia. / Ready, Richard C.; Malzubris, Jânis; Senkane, Silva.

In: Environment and Development Economics, Vol. 7, No. 1, 01.02.2002, p. 147-156.

Research output: Contribution to journalArticle

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