Table of Contents

Comparative Environmental Economic Assessment

Comparative Environmental Economic Assessment

Edited by Raymond J.G.M. Florax, Peter Nijkamp and Kenneth G. Willis

Over the last decade, economists have increasingly recognized the role of meta-analysis and value transfer in synthesizing knowledge and efficiently exploiting the existing pool of knowledge. Comparative Environmental Economic Assessment explores the potential significance of using these techniques, particularly in environmental economics. Both meta-analysis and value transfer constitute major research tools which efficiently use knowledge previously acquired from other studies. The book focuses on the potential role and usefulness of these tools in environmental economic research, and goes on to address their validity, relevance and applicability

Chapter 3: The ceteris paribus clause in the context of meta-analysis and value transfer

Frans Bal and Peter Nijkamp

Subjects: economics and finance, environmental economics, environment, environmental economics

Extract

Frans Bal, Peter Nijkamp 1 INTRODUCTION The process of knowledge acquisition in the social sciences, and hence also in economics, is usually based on a reductionist approach. This means that a complex reality (or a complex phenomenon) is reduced to a limited set of common distinct features which serve as abstract descriptors of relevant aspects of the subject matter concerned. Clearly, this reduction process eliminates many person-specific, object-specific or site-specific characteristics of a phenomenon, but the major advantage is that it allows for generalization through a common standardized approach that is applicable to a larger population. This methodology lies also at the heart of meta-analysis, which seeks to synthesize research findings from different case studies (van den Bergh et al., 1997; van den Bergh and Button, 1997, 1999). Through the use of common relevant descriptors (behavioural, methodological, contextual) it is possible to draw inferences from a large sample of cases. When such cases are designed from a joint conceptual and experimental background, the degree of controllability is obviously higher, so that more solid conclusions may be drawn (see also Yin, 1994). But also in the case of semi-controlled (or even non-controlled) experimentation meta-analysis allows us to account for commonality and specificity. In the same vein, we may consider the use of value (or benefit) transfer, mainly in the field of environmental economics (Johnson and Button, 1997). By assuming uniformity in behavioural response of economic actors regarding environmental goods, it is in principle possible to...

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