ASSESSING ECONOMIC IMPACTS OF NATURAL RESOURCE MANAGEMENT USING ECONOMIC SURPLUS

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.


Issue Date:
2004
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/11668
Total Pages:
35
Series Statement:
Department of Agricultural Economics Staff Paper Series #2004-10




 Record created 2017-04-01, last modified 2017-08-23

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