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Assessing Economic Impacts Of Natural Resource Management Using Economic Surplus

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  • Swinton, Scott M.

Abstract

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.

Suggested Citation

  • Swinton, Scott M., 2004. "Assessing Economic Impacts Of Natural Resource Management Using Economic Surplus," Staff Papers 11668, Michigan State University, Department of Agricultural, Food, and Resource Economics.
  • Handle: RePEc:ags:midasp:11668
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    File URL: http://purl.umn.edu/11668
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    References listed on IDEAS

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    1. 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.
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    5. 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.
    6. Viscusi, W Kip, 1993. "The Value of Risks to Life and Health," Journal of Economic Literature, American Economic Association, vol. 31(4), pages 1912-1946, December.
    7. Labarta, Ricardo A. & Swinton, Scott M. & Black, J. Roy & Snapp, Siglinde & Leep, Richard, 2002. "Economic Analysis Approaches To Potato-Based Integrated Crop Systems: Issues And Method," Staff Papers 11677, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    8. 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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    10. W. Michael Hanemann, 1994. "Valuing the Environment through Contingent Valuation," Journal of Economic Perspectives, American Economic Association, vol. 8(4), pages 19-43, Fall.
    11. 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.
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    Keywords

    Resource /Energy Economics and Policy;

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