Abstract
Lake Laguna Santa Elena, a freshwater body, located in mid-south of Chile, is an environmental asset used as a water resource by the agricultural and touristic sector and is the habitat for a wide variety of endemic avifauna. The objective of this study was to assign a monetary value to this lacustrine body, using the methodology of AMUVAM (Multicriteria Analysis of Environmental Active Values). The information was collected through the application of surveys to a panel of experts involved in the use of the environmental resource. The result obtained with the AMUVAM method corresponds to the US $ 17,780,686, a figure that represents an estimated value of the TEV (Total Economic Value) of the environmental asset. This study, a pioneer in the Region, will support decision making, allowing an adequate management of this critical water resource.
Highlights
The dynamics of the Chilean economy is based on the export of renewable natural resources such as fruits, cellulose, salmon, and mineral resources
The environmental economy, a branch of the economic sciences, studies the optimal value allocation to exhaustible resources for the intergenerational equity, has emerged (Riera et al, 2016). It consists in giving a monetary value to environmental goods and services, which are not traded in the markets and do not have an explicit price; this tool is better known as the economic valuation of an environmental asset (Lee et al, 2010)
To the above, cash flow was made from the income or profits that occur in the vicinity of the environmental asset lake Laguna Santa Elena, which are directly derived from the economic activities identified in the field and which give rise to the Direct Use Value (DUV)
Summary
The dynamics of the Chilean economy is based on the export of renewable natural resources such as fruits, cellulose, salmon, and mineral resources. The environmental economy, a branch of the economic sciences, studies the optimal value allocation to exhaustible resources for the intergenerational equity, has emerged (Riera et al, 2016). It consists in giving a monetary value to environmental goods and services, which are not traded in the markets and do not have an explicit price; this tool is better known as the economic valuation of an environmental asset (Lee et al, 2010)
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