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The Potential Economic Benefits of Integrated and Sustainable Ocean Observation Systems: The Southeast Atlantic Region

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  • Christopher F. Dumas
  • John C. Whitehead

Abstract

The South East Atlantic Coastal Ocean Observing System (SEACOOS) collects, manages and disseminates coastal oceanic and atmospheric observation information along the Atlantic coast of the southeastern United States. This paper estimates the benefits of SEACOOS information in eleven benefit categories. Following a methodology used in similar studies of other U.S. coastal regions, we evaluate the impacts of conservative changes in economic activity in each sector. The annual economic benefit of SEACOOS information is $170 million (2003 $'s), an estimate that falls between annual benefits of $33 million for the Gulf of Maine region and $381 million for the Gulf of Mexico.

Suggested Citation

  • Christopher F. Dumas & John C. Whitehead, 2005. "The Potential Economic Benefits of Integrated and Sustainable Ocean Observation Systems: The Southeast Atlantic Region," Working Papers 05-15, Department of Economics, Appalachian State University.
    • Handle: RePEc:apl:wpaper:05-15
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    File URL: http://econ.appstate.edu/RePEc/pdf/wp0515.pdf
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    References listed on IDEAS

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    1. John C. Whitehead, 2000. "“One Million Dollars a Mile? The Opportunity Costs of Hurricane Evacuation,”," Working Papers 0005, East Carolina University, Department of Economics.
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    More about this item

    JEL classification:

    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects

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