+7 925 966 4690, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»

JOURNALS

  

FOR AUTHORS

  

SUBSCRIBE

    
Finance and Credit
 

Evaluation of financial support to wetlands protection in regions: Evidence from the Russian South

Vol. 22, Iss. 41, NOVEMBER 2016

Received: 19 September 2016

Received in revised form: 3 October 2016

Accepted: 17 October 2016

Available online: 17 November 2016

Subject Heading: INVESTING

JEL Classification: P48, Q52, R10

Pages: 15-28

Mikhailenko A.V. Southern Federal University, Rostov-on-Don, Russian Federation
mikhailenkoanna@gmail.com

Yashalova N.N. Cherepovets State University, Cherepovets, Vologda Oblast, Russian Federation
natalij2005@mail.ru

Ruban D.A. Southern Federal University, Rostov-on-Don, Russian Federation
ruban-d@mail.ru

Importance Wetlands are the most precious natural resources of Russia. Efficient management of this resource requires balanced financial support, however, this issue is understudied.
Objectives The aim of the research is to underpin the approach to evaluation of financial support to wetlands protection in regions, and to test it on the Russian South case.
Methods We summarize major works on economical aspects of wetlands use. It enables to formulate general conceptual framework for developing a quantitative approach to evaluation of financial support to wetlands protection. The statistical data characterizing the cost of nature protection and the human impact in four regions of the South of Russia provide for quantitative evaluation of financial support according to the proposed approach.
Results The evaluation of financial support to wetlands protection in regions should take into account the total expenses for environmental protection in Russian regions and the degree of human impact. In the data analysis for several years, it is expedient to consider the inflation index, and in the inter-State comparisons – the purchasing power parity. The evaluation of financial support demonstrated its inequity, instability and insufficiency.
Conclusions The test of the proposed approach in the Russian South shows its efficiency to detect risks related to specifics of financing the nature protection activities. The findings are important for optimization of regional planning of mechanisms of environment management and relevant financial support.

Keywords: wetlands, environmental protection, regional financing, environmental costs, environmental economics

References:

  1. Mishchenko A.L. Vodno-bolotnye ugod'ya Rossii. T. 6. Vodno-bolotnye ugod'ya Severnogo Kavkaza [Wetlands of Russia. Vol. 6. Wetlands of the North Caucasus]. Moscow, Wetlands International Publ., 2006, 316 p.
  2. Thibodeau F.R., Ostro B.D. An Economic Analysis of Wetland Protection. Journal of Environmental Management, 1981, vol. 12, pp. 19–30.
  3. Batie S.S., Shabman L.A. Estimating the Economic Value of Wetlands: Principles, methods, and limitations. Coastal Zone Management Journal, 1982, vol. 10, pp. 255–278.
  4. Barbier E.B. Sustainable Use of Wetlands. Valuing Tropical Wetland Benefits: Economic methodologies and applications. Geographical Journal, 1993, vol. 159, pp. 22–32.
  5. Woodward R.T., Wui Y.-S. The Economic Value of Wetland Services: A meta-analysis. Ecological Economics, 2001, vol. 37, pp. 257–270.
  6. Wattage P., Mardle S. Total Economic Value of Wetland Conservation in Sri Lanka Identifying Use and Non-Use Values. Wetlands Ecology and Management, 2008, vol. 16, iss. 5, pp. 359–369.
  7. Ramachandra T.V., Rajinikanth R., Ranjini V.G. Economic Valuation of Wetlands. Journal of Environmental Biology, 2005, vol. 26(2), pp. 439–447.
  8. Kong D.S., Zhang H. Economic Value of Wetland Ecosystem Services in the Heihe National Nature Reserve of Zhangye. Acta Ecologica Sinica, 2015, vol. 35, no. 4, pp. 972–983.
  9. Jiang B., Wong C.P., Cui L., Ouyang Z. Wetland Economic Valuation Approaches and Prospects in China. Chinese Geographical Science, 2016, vol. 26, no. 2, pp. 143–154.
  10. Shine T., Dunford B. What Value for Pastoral Livelihoods? An Economic Valuation of Development Alternatives for Ephemeral Wetlands in Eastern Mauritania. Available at: Link. doi: 10.1186/s13570-016-0057-x
  11. Leitch J.A. Progress, Problems, and Prospects for Successful Economic Valuation of Wetlands. Wetlands, 1983, vol. 3, iss. 1, pp. 153–160.
  12. Farber S., Costanza R. The Economic Value of Wetlands Systems. Journal of Environmental Management, 1987, vol. 24, pp. 41–51.
  13. Schuyt K.D. Economic Consequences of Wetland Degradation for Local Populations in Africa. Ecological Economics, 2005, vol. 53, iss. 5, pp. 177–190.
  14. Kaffashi S., Shamsudin M.N., Radam A., Rahim K.A. Socio-economic Reason to Save an International Wetland. Journal of Integrative Environmental Sciences, 2015, vol. 12, no. 1, pp. 67–83.
  15. Sharma B., Rasul G., Chettri N. The Economic Value of Wetland Ecosystem Services: Evidence from the Koshi Tappu Wildlife Reserve, Nepal. Ecosystem Services, 2015, vol. 12, pp. 84–93.
  16. Bergstrom J.C., Stoll J.R., Titre J.P., Wright V.L. Economic Value of Wetlands-based Recreation. Ecological Economics, 1990, vol. 2, no. 2, pp. 129–147.
  17. Ton S., Odum H.T., Delfino J.J. Ecological-Economic Evaluation of Wetland Management Alternatives. Ecological Engineering, 1998, vol. 11, no. 1-4, pp. 291–302.
  18. Bennett J., Morrison M. The Economic Analysis of Wetland Rehabilitation. Australian Journal of Environmental Management, 2000, vol. 7, no. 4, pp. 48–54.
  19. Pattison J., Boxall P.C., Adamowicz W.L. The Economic Benefits of Wetland Retention and Restoration in Manitoba. Canadian Journal of Agricultural Economics, 2011, vol. 59(2), pp. 223–244.
  20. Chaikumbung M., Doucouliagos H., Scarborough H. The Economic Value of Wetlands in Developing Countries: A meta-regression analysis. Ecological Economics, 2016, vol. 124, pp. 164–174. doi: 10.1016/j.ecolecon.2016.01.022
  21. Bobylev S.N., Sidorenko V.N., Luzhetskaya N.V. Ekonomicheskie osnovy sokhraneniya vodno-bolotnykh ugodii [Economic foundations of wetlands conservation]. Moscow, Wetlands International Publ., 2001, 56 p.
  22. Kudinova G.E. [A paradigm of transition of Russia and its regions to green economy and sustainable development]. Vestnik Volgogradskogo gosudarstvennogo universiteta. Seriya 3: Ekonomika, Ekologiya = Science Journal of Volgograd State University. Series 3: Economics. Ecology, 2014, no. 3, pp. 104–112. (In Russ.)
  23. Anufriev V.P., Lebedev Yu.V., Starchenko M.G., Yachmeneva A.I. [Green economy and quality of life]. Vestnik UrFu. Seriya: Ekonomika i upravlenie = Bulletin of Ural Federal University. Series Economics and Management, 2014, no. 5, pp. 73–82. (In Russ.)
  24. Zakharova T.V. [Green economy and sustainable development of Russia: Controversies and perspectives]. Vestnik Tomskogo gosudarstvennogo universiteta. Ekonomika = Tomsk State University Journal. Series: Economy, 2015, no. 2, pp. 116–126. (In Russ.)
  25. Lavrikova Yu.G., Malysh E.V. [Green economy in cluster development]. Vestnik UrFu. Seriya: Ekonomika i upravlenie = Bulletin of Ural Federal University. Series Economics and Management, 2014, no. 3, pp. 120–133. (In Russ.)
  26. Yashalova N.N. [Underpinning the urgency to develop the concept of ecological and economic sustainable development at the regional level]. Ekonomika prirodopol'zovaniya = Environmental Economics, 2015, no. 2, pp. 4–11. (In Russ.)
  27. Mikhailenko A.V. [Evaluation of mercury content in soils and the bottom deposits of the River Don delta]. Inzhenernyi vestnik Dona, 2015, vol. 37, no. 3. (In Russ.) Available at: Link.
  28. Perel'man A.I. Geokhimiya [Geochemistry]. Moscow, Vysshaya shkola Publ., 1989, 528 p.
  29. Yudovich Ya.E., Ketris M.P. [Mercury in coals: A serious ecological problem]. Biosfera = Biosphere, 2009, vol. 1, no. 2, pp. 237–247. (In Russ.)
  30. Heavy Metals in Soils: Trace Metals and Metalloids in Soils and Their Bioavailability. Alloway B.J. ed. Springer, Dordrecht, The Netherlands, 2013, Chapter 15, pp. 411–428.

View all articles of issue

 

ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

Journal current issue

Vol. 30, Iss. 10
October 2024

Archive