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Preliminary Investigation Into The Benefits From Investments In Environmental Research: Case Studies on Water Clarity/Quality and The Biological Management of Possums

Author

Listed:
  • Cullen, Ross
  • Hughey, Kenneth F.D.
  • Meyer-Hubbert, Gerit
  • Bicknell, Kathryn
  • Meister, Anton D.
  • Smallman, Clive
  • Su-Wuen, Ong

Abstract

MoRST is performing an evaluation of the funds invested in environmental research. The two case studies discussed in this paper contribute to the ongoing decision-making about this investment. Substantial funds have been invested in both research programmes identified. Because the main benefits associated with research output are environmental, they are difficult to value monetarily. Preliminary analysis suggests that at a discount rate of 6%, annual future benefit flows of $7 - $10 million will justify the water quality/clarity research. The expenditure on possum biocontrol will be justified if the research generates an annual future benefit flow of $20 million.

Suggested Citation

  • Cullen, Ross & Hughey, Kenneth F.D. & Meyer-Hubbert, Gerit & Bicknell, Kathryn & Meister, Anton D. & Smallman, Clive & Su-Wuen, Ong, 2004. "Preliminary Investigation Into The Benefits From Investments In Environmental Research: Case Studies on Water Clarity/Quality and The Biological Management of Possums," 2004 Conference, June 25-26, 2004, Blenheim, New Zealand 97788, New Zealand Agricultural and Resource Economics Society.
    • Handle: RePEc:ags:nzar04:97788
    DOI: 10.22004/ag.econ.97788
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    Cited by:

    1. Moore, Kathleen A. & Harrison, Melissa & Young, M. Scott & Ochshorn, Ezra, 2008. "A cognitive therapy treatment program for repeat DUI offenders," Journal of Criminal Justice, Elsevier, vol. 36(6), pages 539-545, November.
    2. Wilson, Steve & Zhao, Jihong, 2008. "Determining the correlates of police victimization: An analysis of organizational level factors on injurious assaults," Journal of Criminal Justice, Elsevier, vol. 36(5), pages 461-468, September.

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