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The Economic Impacts of Aquatic Invasive Species: A Review of the Literature

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  • Lovell, Sabrina J.
  • Stone, Susan F.
  • Fernandez, Linda

Abstract

Invasive species are a growing threat in the United States, causing losses in biodiversity, changes in ecosystems, and impacts on economic enterprises such as agriculture, fisheries, and international trade. The costs of preventing and controlling invasive species are not well understood or documented, but estimates indicate that the costs are quite high. The costs of aquatic invasive species are even less well understood than those for terrestrial species. A systematic approach is needed to develop a consistent method to estimate the national costs of aquatic invasives. This review of the economic literature on aquatic invasive species is the first stage in the development of that estimate. We reviewed over sixty sources and include both empirical papers that present cost estimates as well as theoretical papers on preventing and mitigating the impacts of aquatic invasive species. Species-specific estimates are included for both animals and plants.

Suggested Citation

  • Lovell, Sabrina J. & Stone, Susan F. & Fernandez, Linda, 2006. "The Economic Impacts of Aquatic Invasive Species: A Review of the Literature," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 35(1), April.
  • Handle: RePEc:ags:arerjl:10175
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    References listed on IDEAS

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    1. Richard D. Horan & Charles Perrings & Frank Lupi & Erwin H. Bulte, 2002. "Biological Pollution Prevention Strategies under Ignorance:The Case of Invasive Species," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 84(5), pages 1303-1310.
    2. Knowler, D., 2005. "Reassessing the costs of biological invasion: Mnemiopsis leidyi in the Black sea," Ecological Economics, Elsevier, vol. 52(2), pages 187-199, January.
    3. Rosie Cataldo, 2001. ""Musseling" in on the Ninth District economy: How many clams will it cost?," Fedgazette, Federal Reserve Bank of Minneapolis, issue Jan, pages 15-17.
    4. Mark E. Eiswerth & G. Cornelis van Kooten, 2002. "Uncertainty, Economics, and the Spread of an Invasive Plant Species," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 84(5), pages 1317-1322.
    5. Margolis, Michael & Shogren, Jason F. & Fischer, Carolyn, 2005. "How trade politics affect invasive species control," Ecological Economics, Elsevier, vol. 52(3), pages 305-313, February.
    6. Lynch, Lori, 2001. "Migration Of Exotic Pests: Phytosanitary Regulations And Cooperative Policies To Protect U.S. Ecosystems And Agricultural Interests," Working Papers 28548, University of Maryland, Department of Agricultural and Resource Economics.
    7. 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.
    8. Buhle, Eric R. & Margolis, Michael & Ruesink, Jennifer L., 2005. "Bang for buck: cost-effective control of invasive species with different life histories," Ecological Economics, Elsevier, vol. 52(3), pages 355-366, February.
    9. Paulo Nunes & Jeroen van den Bergh, 2004. "Can People Value Protection against Invasive Marine Species? Evidence from a Joint TC–CV Survey in the Netherlands," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 28(4), pages 517-532, August.
    10. Horan, Richard D. & Lupi, Frank, 2005. "Economic Incentives for Controlling Trade-Related Biological Invasions in the Great Lakes," Agricultural and Resource Economics Review, Cambridge University Press, vol. 34(01), pages 75-89, April.
    11. McAusland, Carol & Costello, Christopher, 2004. "Avoiding invasives: trade-related policies for controlling unintentional exotic species introductions," Journal of Environmental Economics and Management, Elsevier, vol. 48(2), pages 954-977, September.
    12. Lars J. Olson & Santanu Roy, 2002. "The Economics of Controlling a Stochastic Biological Invasion," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 84(5), pages 1311-1316.
    13. Barbier, Edward B., 2001. "A note on the economics of biological invasions," Ecological Economics, Elsevier, vol. 39(2), pages 197-202, November.
    14. Polasky, Stephen & Costello, Christopher & McAusland, Carol, 2004. "On trade, land-use, and biodiversity," Journal of Environmental Economics and Management, Elsevier, vol. 48(2), pages 911-925, September.
    15. Evans, Edward A., 2003. "Economic Dimensions of Invasive Species," Choices, Agricultural and Applied Economics Association, vol. 18(2).
    16. Thomas, Michael H. & Randall, Alan, 2000. "Intentional introductions of nonindigenous species: a principal-agent model and protocol for revocable decisions," Ecological Economics, Elsevier, vol. 34(3), pages 333-345, September.
    17. Chad Settle & Jason E Shogren, 2002. "Modeling Native-Exotic Species within Yellowstone Lake," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 84(5), pages 1323-1328.
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    Citations

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    Cited by:

    1. Davis, Alison F. & Moeltner, Klaus, 2010. "Valuing the Prevention of an Infestation: The Threat of the New Zealand Mud Snail in Northern Nevada," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 39(1), February.
    2. Olson, Lars J., 2006. "The Economics of Terrestrial Invasive Species: A Review of the Literature," Agricultural and Resource Economics Review, Cambridge University Press, vol. 35(01), pages 178-194, April.
    3. David Simpson, 2008. "Preventing Biological Invasions: Doing Something vs. Doing Nothing," NCEE Working Paper Series 200811, National Center for Environmental Economics, U.S. Environmental Protection Agency, revised Nov 2008.
    4. Horsch, Eric J. & Lewis, David J., 2008. "The Effects of Aquatic Invasive Species on Property Values: Evidence from a Quasi-random Experiment," Staff Paper Series 530, University of Wisconsin, Agricultural and Applied Economics.
    5. repec:eee:thpobi:v:85:y:2013:i:c:p:38-48 is not listed on IDEAS
    6. Eric J. Horsch & David J. Lewis, 2009. "The Effects of Aquatic Invasive Species on Property Values: Evidence from a Quasi-Experiment," Land Economics, University of Wisconsin Press, vol. 85(3), pages 391-409.
    7. Heidi Tuhkanen & Evelin Urbel-Piirsalu & Tea Nõmmann & Mikołaj Czajkowski & Nick Hanley, 2015. "Valuing the benefits of improved marine environmental quality under multiple stressors," Working Papers 2015-41, Faculty of Economic Sciences, University of Warsaw.
    8. Rosa, Inês C. & Pereira, Joana L. & Gomes, João & Saraiva, Pedro M. & Gonçalves, Fernando & Costa, Raquel, 2011. "The Asian clam Corbicula fluminea in the European freshwater-dependent industry: A latent threat or a friendly enemy?," Ecological Economics, Elsevier, vol. 70(10), pages 1805-1813, August.
    9. Yajie Liu & Jon Olaf Olaussen & Anders Skonhoft, 2011. "When a Fish is a Fish: The Economic Impacts of Escaped Farmed Fish," Working Paper Series 12011, Department of Economics, Norwegian University of Science and Technology.
    10. Goodenberger, James & Klaiber, H. Allen, 2013. "Evading Invasives: How Eurasian Water-Milfoil Effects the Development of Lakefront Properties," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 150309, Agricultural and Applied Economics Association.
    11. repec:eee:ecomod:v:222:y:2011:i:4:p:964-972 is not listed on IDEAS
    12. Marten, Alex L. & Moore, Christopher C., 2011. "An options based bioeconomic model for biological and chemical control of invasive species," Ecological Economics, Elsevier, vol. 70(11), pages 2050-2061, September.
    13. repec:eee:ecomod:v:222:y:2011:i:14:p:2202-2212 is not listed on IDEAS
    14. Gren, Ing-Marie & Isacs, Lina & Carlsson, Mattias, 2007. "Calculation of costs of alien invasive species in Sweden - technical report," Department of Economics publications 3125, Swedish University of Agricultural Sciences, Department of Economics.
    15. Kataria, Mitesh, 2007. "Environmental valuation, ecosystem services and aquatic species," Department of Economics publications 1437, Swedish University of Agricultural Sciences, Department of Economics.
    16. Lirong Liu & Brian Piper, 2014. "Predicting the Total Economic Impacts of Invasive Species: The case of the Red Streaked Leafhopper," Working Papers 1412, Sam Houston State University, Department of Economics and International Business.
    17. repec:bla:jageco:v:68:y:2017:i:3:p:781-800 is not listed on IDEAS
    18. repec:eee:ecomod:v:361:y:2017:i:c:p:14-25 is not listed on IDEAS
    19. Liu, Lirong & Piper, Brian, 2016. "Predicting the total economic impacts of invasive species: The case of B. rubostriata(red streaked leafhopper)," Ecological Economics, Elsevier, vol. 128(C), pages 139-146.

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