Yellow starthistle (Centaurea solsitialis, L.) is an invasive weed that creates problems for the management of Idaho's rangelands. A bioeconomic approach combined with an input-output economic model is used to estimate direct and secondary economic costs of the weed in relation to its interference with agricultural and non-agricultural benefits that rangelands provide. Direct economic costs of the infestations were estimated to be of 8.2 million '05 dollars per year, and secondary costs of 4.5 million '05 dollars per year, for a total of 12.7 million '05 dollars; agricultural related economic impacts accounted for 79 % of this total cost, and non-agricultural for 21 %
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Bibliographic InfoPaper provided by Rensselaer Polytechnic Institute, Department of Economics in its series Rensselaer Working Papers in Economics with number 0702.
Date of creation: Feb 2007
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Find related papers by JEL classification:
- Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
- Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics
- R15 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods
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- Bangsund, Dean A. & Baltezore, James F. & Leitch, Jay A. & Leistritz, F. Larry, 1993. "Economic Impact of Leafy Spurge on Wildland in Montana, South Dakota, and Wyoming," Agricultural Economics Reports 23131, North Dakota State University, Department of Agribusiness and Applied Economics.
- Hirsch, Steven A. & Leitch, Jay A., 1996. "The Impact Of Knapweed On Montana'S Economy," Agricultural Economics Reports 23289, North Dakota State University, Department of Agribusiness and Applied Economics.
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