Ecosystem Service Valuation of Natural Healing Assets: A Sustainability-Corrected Gross Ecosystem Product (GEP) Capitalization Model

Rocznik Ochrona Środowiska 2026, vol. 28, pp. 270-298

Liudmyla Korenyuk¹ , Nataliia Kovshun² , Kateryna Kostetska³ This email address is being protected from spambots. You need JavaScript enabled to view it., Oksana Konarivska² , Tetiana Metil⁴ , Eldar Bekirov⁵ 

	1. University of Customs and Finance, Ukraine, Ukraine 2. National University of Water and Environmental Engineering, Ukraine, Ukraine 3. State Organization "Institute Of Market and Economic&Ecological Researches of the National Academy of Sciences of Ukraine”, Ukraine, Ukraine 4. Izmail State University of Humanities, Ukraine, Ukraine 5. Ukrainian State University of Science and Technologies, Ukraine, Ukraine
	This email address is being protected from spambots. You need JavaScript enabled to view it.
	https://doi.org/10.54740/ros.2026.020

Natural healing resources (NHR) are presented as ecosystem resources that have a dual nature of ecosystem services and economic significance for the country, and the result of their sustainable use should provide a reserve for the provision of rehabilitation and health services to the population. Currently, international scientists' achievements in accounting for natural capital include the System of Ecological-Economic Accounting (SEEA) and the Gross Ecosystem Product (GEP), which have become widely adopted. In contrast, the economic and social functions of healing natural assets that are not included in the system of ecological and economic accounts are not reflected at all. This situation creates institutional collapse within the sectoral economy, which is focused on the development of resort areas, and within the social contribution – rehabilitation, and health. The study is devoted to developing a hybrid methodological framework for capitalizing on natural healing assets by adapting the GEP approach to healing ecosystems. The hybrid methodology proposed by the authors involves conducting an assessment across three areas: ecological, medical-biological, and financial-economic (based on replacement cost, willingness to pay, and market approaches consistent with the principles of ecological-economic accounting).

natural healing assets, Gross Ecosystem Product (GEP), System of Environmental-Economic Accounting (SEEA), natural capital, resort economy, ecosystem services

AMA Style
Korenyuk L., Kovshun N., Kostetska K., Konarivska O., Metil T., Bekirov E.. Ecosystem Service Valuation of Natural Healing Assets: A Sustainability-Corrected Gross Ecosystem Product (GEP) Capitalization Model. Rocznik Ochrona Środowiska. 2026; 28. https://doi.org/10.54740/ros.2026.020

ACM Style
Korenyuk L., Kovshun N., Kostetska K., Konarivska O., Metil T., Bekirov E.. 2026. Ecosystem Service Valuation of Natural Healing Assets: A Sustainability-Corrected Gross Ecosystem Product (GEP) Capitalization Model. Rocznik Ochrona Środowiska. 28. DOI:https://doi.org/10.54740/ros.2026.020

ACS Style
Korenyuk L., Kovshun N., Kostetska K., Konarivska O., Metil T., Bekirov E., Ecosystem Service Valuation of Natural Healing Assets: A Sustainability-Corrected Gross Ecosystem Product (GEP) Capitalization Model Rocznik Ochrona Środowiska 2026, 28, 270-298. https://doi.org/10.54740/ros.2026.020

APA Style
Korenyuk L., Kovshun N., Kostetska K., Konarivska O., Metil T., Bekirov E. (2026). Ecosystem Service Valuation of Natural Healing Assets: A Sustainability-Corrected Gross Ecosystem Product (GEP) Capitalization Model. Rocznik Ochrona Środowiska, 28, 270-298. https://doi.org/10.54740/ros.2026.020

ABNT Style
KORENYUK L., KOVSHUN N., KOSTETSKA K., KONARIVSKA O., METIL T., BEKIROV E.. Ecosystem Service Valuation of Natural Healing Assets: A Sustainability-Corrected Gross Ecosystem Product (GEP) Capitalization Model. Rocznik Ochrona Środowiska, v. 28, p. 270-298, 2026. https://doi.org/10.54740/ros.2026.020

Chicago Style
Liudmyla Korenyuk, Nataliia Kovshun, Kateryna Kostetska, Oksana Konarivska, Tetiana Metil, Eldar Bekirov. 2026. "Ecosystem Service Valuation of Natural Healing Assets: A Sustainability-Corrected Gross Ecosystem Product (GEP) Capitalization Model". Rocznik Ochrona Środowiska 28, 270-298. https://doi.org/10.54740/ros.2026.020

Harvard Style
Korenyuk L., Kovshun N., Kostetska K., Konarivska O., Metil T., Bekirov E. (2026) "Ecosystem Service Valuation of Natural Healing Assets: A Sustainability-Corrected Gross Ecosystem Product (GEP) Capitalization Model", Rocznik Ochrona Środowiska, 28, pp. 270-298. doi:https://doi.org/10.54740/ros.2026.020

IEEE Style
Korenyuk L., Kovshun N., Kostetska K., Konarivska O., Metil T., Bekirov E., "Ecosystem Service Valuation of Natural Healing Assets: A Sustainability-Corrected Gross Ecosystem Product (GEP) Capitalization Model", RoczOchrSrod, vol 28, pp. 270-298. https://doi.org/10.54740/ros.2026.020