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Economics of invasive pests and diseases: a guide for policy makers and managers

Author

Listed:
  • Morag MacPherson

    (Division of Computing Sciences and Mathematics, University of Stirling)

  • Nick Hanley

    (Department of Geography and Sustainable Development, University of St. Andrews)

Abstract

Invasive pests and diseases are a growing threat to agricultural crops, livestock and forests worldwide. In this report, we look at the contribution that economics can make to developing policies to counter the risks of such pests and diseases. First, though, we review some of the evidence on the nature of this problem.. Thus the results presented here have important implications for the way in which the real options approach is applied to determine optimal timing of disease control given uncertainty in future disease progression.

Suggested Citation

  • Morag MacPherson & Nick Hanley, 2016. "Economics of invasive pests and diseases: a guide for policy makers and managers," Discussion Papers in Environment and Development Economics 2016-02, University of St. Andrews, School of Geography and Sustainable Development.
    • Handle: RePEc:sss:wpaper:2016-02
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    File URL: http://www.st-andrews.ac.uk/media/dept-of-geography-and-sustainable-development/pdf-s/DP%202016%2002%20Hanley%20et%20al.pdf
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    More about this item

    Keywords

    invasive species; pests and diseases; agriculture; forests; zoonotic; transferable externality;
    All these keywords.

    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy
    • Q23 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Forestry
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics

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