Assessing Economic Impacts Of Natural Resource Management Using Economic Surplus
AbstractThis paper outlines the economic surplus approach to economic impact assessment and how it may be applied to natural resource management (NRM) projects. Three challenges confront NRM impact assessment: measurement, attribution, and valuation of non-market impacts. While various methods for non-market valuation have been developed, none has yet been integrated into a market-based economic surplus analysis due to problems of measurement and theoretical consistency. Future research should address those integration problems as well as the effects on valuation of inter-country income differentials.
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Bibliographic InfoPaper provided by Michigan State University, Department of Agricultural, Food, and Resource Economics in its series Staff Papers with number 11668.
Date of creation: 2004
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