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Neither Boon nor Bane: The Economic Effects of a Landscape-Scale National Monument

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  • Paul M. Jakus
  • Sherzod B. Akhundjanov

Abstract

The designation of landscape-scale national monuments has generated intense debate as to whether their regional economic effects are positive or negative. National monuments can restrict land uses, thus favoring economic development based on the low-wage tourism industry relative to higher-wage extractive industries. Utah’s Grand Staircase–Escalante National Monument has been managed for landscape-scale conservation while protecting existing valid uses. We assess postdesignation trends in the ranching, mining, and tourism industries, after which pre- and postdesignation paths of per capita income are examined using difference-in-differences and synthetic control methods. We conclude that monument designation had no effect on regional per capita income.

Suggested Citation

  • Paul M. Jakus & Sherzod B. Akhundjanov, 2018. "Neither Boon nor Bane: The Economic Effects of a Landscape-Scale National Monument," Land Economics, University of Wisconsin Press, vol. 94(3), pages 323-339.
    • Handle: RePEc:uwp:landec:v:94:y:2018:i:3:p:323-339
    Note: DOI: 10.3368/le.94.3.323
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    2. Yong Chen & David J. Lewis & Bruce Weber, 2021. "Natural amenities and skill sorting in rural communities: a case study of land conservation policy," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 67(3), pages 649-669, December.
    3. Ferris, Ann E. & Frank, Eyal G., 2021. "Labor market impacts of land protection: The Northern Spotted Owl," Journal of Environmental Economics and Management, Elsevier, vol. 109(C).

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    More about this item

    JEL classification:

    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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