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The Architecture and Measurement of an Ecosystem Services Index

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  • H. Spencer Banzhaf

    () (Department of Economics, Georgia State University, P.O. Box 3992, Atlanta, GA 30302, USA
    National Bureau of Economic Research, Cambridge, MA 02138, USA
    Research Fellow, Property and Environment Research Center, Bozeman, MT 59718, USA)

  • James Boyd

    () (Resources for the Future, Washington, DC 20036, USA)

Abstract

This paper discusses the construction of an ecosystem services index (ESI) and the respective roles of ecology and economics in that effort. It extends the concept of an ESI, analogous to Gross Domestic Product, to other analogous indices, including an ecosystem price or value index, and a net ESI that accounts for interactions between ecosystem stocks and service flows. A central aim of this paper is to account for services in an economically and ecologically defensible manner. It thus also discusses the connection between ecological models and economic models in the construction of ecosystem services indices, the former on the quantity side and the latter on the price/value side of the index.

Suggested Citation

  • H. Spencer Banzhaf & James Boyd, 2012. "The Architecture and Measurement of an Ecosystem Services Index," Sustainability, MDPI, Open Access Journal, vol. 4(4), pages 1-32, March.
  • Handle: RePEc:gam:jsusta:v:4:y:2012:i:4:p:430-461:d:16813
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    Citations

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    Cited by:

    1. Carl Obst & Lars Hein & Bram Edens, 2016. "National Accounting and the Valuation of Ecosystem Assets and Their Services," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 64(1), pages 1-23, May.
    2. H. Spencer Banzhaf & James Boyd, 2012. "The Architecture and Measurement of an Ecosystem Services Index," Sustainability, MDPI, Open Access Journal, vol. 4(4), pages 1-32, March.
    3. Boyd, James, 2010. "Lost Ecosystem Goods and Services as a Measure of Marine Oil Pollution Damages," Discussion Papers dp-10-31, Resources For the Future.
    4. Kroeger, Timm & Casey, Frank, 2007. "An assessment of market-based approaches to providing ecosystem services on agricultural lands," Ecological Economics, Elsevier, vol. 64(2), pages 321-332, December.
    5. Boyd, James W., 2006. "The Non-Market Benefits of Nature: What Should Be Counted in Green GDP?," Discussion Papers dp-06-24, Resources For the Future.
    6. repec:eee:ecolec:v:151:y:2018:i:c:p:122-130 is not listed on IDEAS
    7. Remme, Roy P. & Edens, Bram & Schröter, Matthias & Hein, Lars, 2015. "Monetary accounting of ecosystem services: A test case for Limburg province, the Netherlands," Ecological Economics, Elsevier, vol. 112(C), pages 116-128.
    8. repec:eee:ecoser:v:22:y:2016:i:pb:p:297-308 is not listed on IDEAS
    9. repec:gam:jsusta:v:9:y:2017:i:6:p:939-:d:100335 is not listed on IDEAS
    10. Egoh, Benis & Rouget, Mathieu & Reyers, Belinda & Knight, Andrew T. & Cowling, Richard M. & van Jaarsveld, Albert S. & Welz, Adam, 2007. "Integrating ecosystem services into conservation assessments: A review," Ecological Economics, Elsevier, vol. 63(4), pages 714-721, September.
    11. Boyd, James & Banzhaf, Spencer, 2007. "What are ecosystem services? The need for standardized environmental accounting units," Ecological Economics, Elsevier, vol. 63(2-3), pages 616-626, August.
    12. Admiraal, Jeroen F. & Wossink, Ada & de Groot, Wouter T. & de Snoo, Geert R., 2013. "More than total economic value: How to combine economic valuation of biodiversity with ecological resilience," Ecological Economics, Elsevier, vol. 89(C), pages 115-122.
    13. Edens, Bram & Hein, Lars, 2013. "Towards a consistent approach for ecosystem accounting," Ecological Economics, Elsevier, vol. 90(C), pages 41-52.
    14. Jian Peng & Minli Zong & Yi'na Hu & Yanxu Liu & Jiansheng Wu, 2015. "Assessing Landscape Ecological Risk in a Mining City: A Case Study in Liaoyuan City, China," Sustainability, MDPI, Open Access Journal, vol. 7(7), pages 1-23, June.

    More about this item

    Keywords

    ecosystem services; green accounting; green GDP; index numbers; ecological economics; sustainability;

    JEL classification:

    • Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics
    • Q0 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General
    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
    • Q3 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

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