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Assessing Economic Impacts Of Natural Resource Management Using Economic Surplus

  • Swinton, Scott M.

This paper outlines the economic surplus approach to economic impact assessment and how it may be applied to natural resource management (NRM) projects. Three challenges confront NRM impact assessment: measurement, attribution, and valuation of non-market impacts. While various methods for non-market valuation have been developed, none has yet been integrated into a market-based economic surplus analysis due to problems of measurement and theoretical consistency. Future research should address those integration problems as well as the effects on valuation of inter-country income differentials.

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File URL: http://purl.umn.edu/11668
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Paper provided by Michigan State University, Department of Agricultural, Food, and Resource Economics in its series Staff Papers with number 11668.

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Date of creation: 2004
Date of revision:
Handle: RePEc:ags:midasp:11668
Contact details of provider: Postal: Justin S. Morrill Hall of Agriculture, 446 West Circle Dr., Rm 202, East Lansing, MI 48824-1039
Phone: (517) 355-4563
Fax: (517) 432-1800
Web page: http://www.aec.msu.edu/agecon/
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  1. Brethour, Cher & Weersink, Alfons, 2001. "An economic evaluation of the environmental benefits from pesticide reduction," Agricultural Economics of Agricultural Economists, International Association of Agricultural Economists, vol. 25(2-3), September.
  2. Cuyno, Leah C.M. & Norton, George W. & Rola, Agnes, 2001. "Economic analysis of environmental benefits of integrated pest management: a Philippine case study," Agricultural Economics of Agricultural Economists, International Association of Agricultural Economists, vol. 25(2-3), September.
  3. Viscusi, W Kip, 1993. "The Value of Risks to Life and Health," Journal of Economic Literature, American Economic Association, vol. 31(4), pages 1912-46, December.
  4. Ribaudo, Marc & Hellerstein, Daniel, 1992. "Estimating Water Quality Benefirts: Theoretical and Methodological Issues," Technical Bulletins 184384, United States Department of Agriculture, Economic Research Service.
  5. Edward B. Barbier, 1996. "The Economics of Soil Erosion: Theory, Methodology and Examples," EEPSEA Special and Technical Paper sp199601t2, Economy and Environment Program for Southeast Asia (EEPSEA), revised Jan 1996.
  6. Susmita Dasgupta & Benoit Laplante & Hua Wang & David Wheeler, 2002. "Confronting the Environmental Kuznets Curve," Journal of Economic Perspectives, American Economic Association, vol. 16(1), pages 147-168, Winter.
  7. Mullen, Jeffrey D. & Norton, George W. & Reaves, Dixie Watts, 1997. "Economic Analysis Of Environmental Benefits Of Integrated Pest Management," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 29(02), December.
  8. W. Michael Hanemann, 1994. "Valuing the Environment through Contingent Valuation," Journal of Economic Perspectives, American Economic Association, vol. 8(4), pages 19-43, Fall.
  9. Fernandez-Cornejo, Jorge & Alexander, Corinne E. & Goodhue, Rachael E., 2002. "Dynamic Diffusion with Disadoption: The Case of Crop Biotechnology in the USA," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 31(1), April.
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