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Prioritising Biosecurity Investment between Protecting Agricultural and Environmental Systems

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  • David C. Cook
  • Rob W. Fraser

    ()

  • Jeffrey K. Waage
  • Matthew B. Thomas
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    Abstract

    This paper is motivated by the observation that there is a difference between the time paths of damage valuations for invasions which affect agricultural compared with environmental systems. In particular, unlike agricultural systems, studies have shown that the social valuation of an environmental system is likely to be exponentially positively related to the extent of its deterioration. This paper explores the implications of this difference in determining biosecurity investment priorities. It is concluded that because of this difference an environmental system will often not be prioritised for such protection over an agricultural system even though its ultimate social value exceeds that of the agricultural system.

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    File URL: ftp://ftp.ukc.ac.uk/pub/ejr/RePEc/ukc/ukcedp/0908.pdf
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    Bibliographic Info

    Paper provided by Department of Economics, University of Kent in its series Studies in Economics with number 0908.

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    Date of creation: Jul 2009
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    Handle: RePEc:ukc:ukcedp:0908

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    Postal: Department of Economics, University of Kent at Canterbury, Canterbury, Kent, CT2 7NP
    Phone: +44 (0)1227 764000
    Fax: +44 (0)1227 827850
    Web page: http://www.ukc.ac.uk/economics/

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    Related research

    Keywords: Biosecurity; invasive species;

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    References

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    1. Wiktor L. Adamowicz, 2004. "What's it worth? An examination of historical trends and future directions in environmental valuation," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 48(3), pages 419-443, 09.
    2. Cook, David C. & Fraser, Rob W., 2008. "Trade and invasive species risk mitigation: Reconciling WTO compliance with maximising the gains from trade," Food Policy, Elsevier, vol. 33(2), pages 176-184, April.
    3. Pimentel, David & Zuniga, Rodolfo & Morrison, Doug, 2005. "Update on the environmental and economic costs associated with alien-invasive species in the United States," Ecological Economics, Elsevier, vol. 52(3), pages 273-288, February.
    4. Martin Whitby, 2000. "Challenges and Options for the UK Agri-Environment: Presidential Address," Journal of Agricultural Economics, Wiley Blackwell, vol. 51(3), pages 317-332.
    5. Wittwer, Glyn & McKirdy, Simon & Wilson, Ryan, 2005. "Regional economic impacts of a plant disease incursion using a general equilibrium approach," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 49(1), March.
    6. Glyn Wittwer & Simon McKirdy & Ryan Wilson, 2003. "Analysing the Economic Impacts of a Plant Disease Incursion Using a General Equilibrium Approach," Centre of Policy Studies/IMPACT Centre Working Papers op-97, Victoria University, Centre of Policy Studies/IMPACT Centre.
    7. Blamey, Russell K. & Rolfe, John & Bennett, Jeffrey W. & Morrison, Mark, 2000. "Valuing remnant vegetation in Central Queensland using choice modelling," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 44(3), September.
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