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The phrase "economic value of" is correct and can be used in written English.
It is often used to discuss the worth or significance of something in terms of its impact on the economy. Example: The economic value of investing in renewable energy sources is undeniable, as it not only reduces our reliance on fossil fuels, but also creates jobs and boosts economic growth.
Exact(56)
The economic value of visibility; Studies in urban and resource economics;; Mount Pleasant, MI: Blackstone, 1988.
The economic value of all these benefits?
taking into account the economic value of the use.
It's the loss of economic value of a home.
Finally, the economic value of the TDM products is analyzed.
This is because there are tools that reflect and protect the economic value of natural systems.
Mr Steiner said governments should not underestimate the economic value of mangroves.
Similar(4)
The Economic Value of Higher Teacher Quality.
Kauffman, G. J. & Cruz-Ortíz, C. Economic Value of the Barnegat Bay Watershed (2012).
What Is The Economic Value Of An Actor?
Economic Value of Medicinal Plants in Ethiopia, A Case study.
More suggestions(17)
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com