ABSTRACT

This chapter reviews methodologies in economics for valuing the benefits of geospatial data and services. It explores the meaning of socioeconomic value and reviews the methodologies underpinning value assessments. It explains the theoretical background to economic welfare, gross revenue, and value-added analyses. Different methods for economic impact assessment are discussed. These include benefit cost analysis, and Computable General Equilibrium (CGE) modeling. Examples of the application of these techniques are discussed.