Environmental Valuation & Cost-Benefit News
The Use (and Abuse) of Meta-Analysis in Environmental and Natural Resource Economics: An Assessment
03/23/08
03:25:33 pm, by damageva 
, 242 words, 140 views 
Categories: General, U.S., Academic Study/Journal Article, Environmental Economics / Ecological Economics, Costs and Benefits, Free Report at Time of Entry
The Use (and Abuse) of Meta-Analysis in Environmental and Natural Resource Economics: An Assessment
Abstract: Motivated by the 2006 report of a Work Group appointed by the Environmental Protection Agency (EPA), this paper examines the present state of meta-analysis in environmental economics and offers recommendations for its future use. To this end we summarize and assess 130 meta-analyses from 115 published and unpublished studies, covering seventeen topical categories in environmental and resource economics. We first provide several generic meta-analysis models as reference points and discuss major estimation issues. Second, a tabular summary is presented for 130 meta-analyses with respect to methodology and econometric methods. Five key issues are identified as part of a complete analysis: (1) sample selection criteria; (2) basic data summary; (3) primary data heterogeneity; (4) heteroskedasticity; and (5) non-independence of multiple observations from primary studies. Third, a narrative summary is presented for 19 meta-analyses, including the three value-of-statistical-life studies examined by the EPA Work Group and one analysis from each of sixteen other categories. Fourth, we offer a set of “best practice” guidelines for future meta-analyses in this and other areas of economics. Last, the paper comments on the use of meta-analytic methods for benefit transfers.
by Jon P. Nelson 1 and Peter E. Kennedy 2
1. Pennsylvania State University, University Park, PA 16802; Voice: 814-237-0157; E-mail: jpn@psu.edu; Web page: http://econ.la.psu.edu/people/biographies/nelson_bio.htm
2. Simon Fraser University, Burnaby, BC V5A 1S6 (kennedy@sfu.ca)
Pennsylvania State University, Department of Economics http://econ.la.psu.edu/
Working Paper 32008
http://www.econ.psu.edu/people/biographies/nelson_bio.htm
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