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The Architecture and Measurement of an Ecosystem Services Index

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  • H. Spencer Banzhaf

    ()
    (Department of Economics, Georgia State University, P.O. Box 3992, Atlanta, GA 30302, USA
    National Bureau of Economic Research, Cambridge, MA 02138, USA
    Research Fellow, Property and Environment Research Center, Bozeman, MT 59718, USA)

  • James Boyd

    ()
    (Resources for the Future, Washington, DC 20036, USA)

Abstract

This paper discusses the construction of an ecosystem services index (ESI) and the respective roles of ecology and economics in that effort. It extends the concept of an ESI, analogous to Gross Domestic Product, to other analogous indices, including an ecosystem price or value index, and a net ESI that accounts for interactions between ecosystem stocks and service flows. A central aim of this paper is to account for services in an economically and ecologically defensible manner. It thus also discusses the connection between ecological models and economic models in the construction of ecosystem services indices, the former on the quantity side and the latter on the price/value side of the index.

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Bibliographic Info

Article provided by MDPI, Open Access Journal in its journal Sustainability.

Volume (Year): 4 (2012)
Issue (Month): 4 (March)
Pages: 430-461

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Handle: RePEc:gam:jsusta:v:4:y:2012:i:4:p:430-461:d:16813

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Related research

Keywords: ecosystem services; green accounting; green GDP; index numbers; ecological economics; sustainability;

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References

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  1. Partha Dasgupta, 2009. "The Welfare Economic Theory of Green National Accounts," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 42(1), pages 3-38, January.
  2. Karl-Göran Mäler & Sara Aniyar & Åsa Jansson, 2009. "Accounting for Ecosystems," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 42(1), pages 39-51, January.
  3. Geoffrey Heal & Bengt Kriström, 2003. "National Income and the Environment," Working Paper Series 03/332, Swedish University of Agricultural Sciences, Department of Forest Economics.
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  5. Spencer Banzhaf, H., 2005. "Green price indices," Journal of Environmental Economics and Management, Elsevier, vol. 49(2), pages 262-280, March.
  6. Boyd, James & Wainger, Lisa, 2003. "Measuring Ecosystem Service Benefits: The Use of Landscape Analysis to Evaluate Environmental Trades and Compensation," Discussion Papers dp-02-63, Resources For the Future.
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  14. Weitzman, Martin L, 1993. "What to Preserve? An Application of Diversity Theory to Crane Conservation?," The Quarterly Journal of Economics, MIT Press, vol. 108(1), pages 157-83, February.
  15. Boyd, James & Banzhaf, Spencer, 2007. "What are ecosystem services? The need for standardized environmental accounting units," Ecological Economics, Elsevier, vol. 63(2-3), pages 616-626, August.
  16. V. Smith & Subhrendu Pattanayak, 2002. "Is Meta-Analysis a Noah's Ark for Non-Market Valuation?," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 22(1), pages 271-296, June.
  17. Klaus Moeltner & Richard T. Woodward, 2007. "Meta-Functional Benefit Transfer for Wetland Valuation: Making the Most of Small Samples," Working Papers 07-012, University of Nevada, Reno, Department of Economics & University of Nevada, Reno , Department of Resource Economics.
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Cited by:
  1. Boyd, James & Banzhaf, H. Spencer, 2005. "The Architecture and Measurement of an Ecosystem Services Index," Discussion Papers dp-05-22, Resources For the Future.
  2. Edens, Bram & Hein, Lars, 2013. "Towards a consistent approach for ecosystem accounting," Ecological Economics, Elsevier, vol. 90(C), pages 41-52.
  3. Egoh, Benis & Rouget, Mathieu & Reyers, Belinda & Knight, Andrew T. & Cowling, Richard M. & van Jaarsveld, Albert S. & Welz, Adam, 2007. "Integrating ecosystem services into conservation assessments: A review," Ecological Economics, Elsevier, vol. 63(4), pages 714-721, September.
  4. Boyd, James, 2010. "Lost Ecosystem Goods and Services as a Measure of Marine Oil Pollution Damages," Discussion Papers dp-10-31, Resources For the Future.
  5. Admiraal, Jeroen F. & Wossink, Ada & de Groot, Wouter T. & de Snoo, Geert R., 2013. "More than total economic value: How to combine economic valuation of biodiversity with ecological resilience," Ecological Economics, Elsevier, vol. 89(C), pages 115-122.
  6. Boyd, James & Banzhaf, Spencer, 2007. "What are ecosystem services? The need for standardized environmental accounting units," Ecological Economics, Elsevier, vol. 63(2-3), pages 616-626, August.
  7. Boyd, James W., 2006. "The Non-Market Benefits of Nature: What Should Be Counted in Green GDP?," Discussion Papers dp-06-24, Resources For the Future.
  8. Kroeger, Timm & Casey, Frank, 2007. "An assessment of market-based approaches to providing ecosystem services on agricultural lands," Ecological Economics, Elsevier, vol. 64(2), pages 321-332, December.

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