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Land Use Change and Ecosystem Valuation in North Georgia

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  • Ngugi, Daniel
  • Mullen, Jeffrey D.
  • Bergstrom, John C.
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    Abstract

    This study seeks to forecast land use change in a North Georgia ecosystem, and estimate the economic value of the ecosystem using benefit transfer techniques. We forecast land use change based on a structural time series model and a simple growth rate model. The study suggests a lower bound willingness to pay value of about USD 16,000 per year to ensure compliance with fishing and drinking water quality standards with regard to fecal coliform bacteria and dissolved oxygen. Conservation efforts are likely to cost less than the cost of defensive behavior or ecosystem restoration.

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    File URL: http://purl.umn.edu/46853
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    Bibliographic Info

    Paper provided by Southern Agricultural Economics Association in its series 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia with number 46853.

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    Date of creation: Jan 2009
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    Handle: RePEc:ags:saeana:46853

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    Related research

    Keywords: Ecosystem; Economic value; North Georgia; land use; water quality; structural time series; benefit transfer; forecasting.; Environmental Economics and Policy; Land Economics/Use; Q51; Q53; Q57;

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    1. Loomis, John & Kent, Paula & Strange, Liz & Fausch, Kurt & Covich, Alan, 2000. "Measuring the total economic value of restoring ecosystem services in an impaired river basin: results from a contingent valuation survey," Ecological Economics, Elsevier, vol. 33(1), pages 103-117, April.
    2. Bartik, Timothy J., 1988. "Evaluating the benefits of non-marginal reductions in pollution using information on defensive expenditures," Journal of Environmental Economics and Management, Elsevier, vol. 15(1), pages 111-127, March.
    3. Russell, Clifford S. & Vaughan, William J., 1982. "The national recreational fishing benefits of water pollution control," Journal of Environmental Economics and Management, Elsevier, vol. 9(4), pages 328-354, December.
    4. John C. Bergstrom & Paul Civita, 1999. "Status of Benefits Transfer in the United States and Canada: A Review," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 47(1), pages 79-87, 03.
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