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Sustainable Biodiversity: Evaluation Lessons From Past Economic Research

Author

Listed:
  • Paulo A.L.D. Nunes

    (Department of Economics, University of Venice, Italy)

  • Peter Nijkamp

    (Department of Spatial Economics, VU University Amsterdam, The Netherlands)

Abstract

Biodiversity has received much attention in environmental research and public policy in recent years. There is a world-wide interest in its relevance for the carrying capacity of rich but fragile ecosystems. Voices suggesting building up proper protection mechanisms for unique and scarce diversity become louder. The question emerges whether – and which combination of – ecological and economic insights can help us to identify meaningful policy options to map out proper roads towards a sustainable future. This paper surveys and highlights the potential and limitations of an ecological-economics perspective on biodiversity. Such a perspective on complex biodiversity issues, if firmly supported by modern ecological insights, can help to clarify the processes, functions and values associated with biodiversity. This study aims to offer a historical review of key ecological and economic concepts that are essential in building bridges between ecology and economics, and discusses ways to integrate them. In addition to such issues as biodiversity indices or ecosystem management principles, particular attention is given to various monetary valuation approaches and methods from the perspective of preservation and sustainable use of biodiversity. Furthermore, the use of ecological and value indicators in integrated economic-ecological modelling and analysis is addressed as well. Throughout the paper, several illustrative applications are presented to demonstrate the usefulness of the various approaches discussed. Finally, the paper offers principles for public decision-making regarding biodiversity protection.

Suggested Citation

  • Paulo A.L.D. Nunes & Peter Nijkamp, 2010. "Sustainable Biodiversity: Evaluation Lessons From Past Economic Research," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(2), pages 13-46, December.
    • Handle: RePEc:hrs:journl:v:ii:y:2010:i:2:p:13-46
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    File URL: http://www.rsijournal.eu/ARTICLES/Journal_dece_2010/RSIJ_December%202010%20Volume%20II%20Number%202.pdf
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    Citations

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    Cited by:

    1. Elisa Gatto & Guido Signorino, 2014. "Crop-diversity and Cereal Production under the CAP Reform: Evidence from Italy," SCIENZE REGIONALI, FrancoAngeli Editore, vol. 2014(3), pages 35-50.
    2. Taras VASYLTSIV & Olha MULSKA & Volodymyr PANCHENKO & Maryana KOHUT & Volodymyr ZAYCHENKO & Olha LEVYTSKA, 2021. "Technologization Processes And Social And Economic Growth: Modeling The Impact And Priorities For Strengthening The Technological Competitiveness Of The Economy," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(1), pages 117-134, June.

    More about this item

    Keywords

    biodiversity; biological resources; ecosystems; millennium ecosystem assessment; monetary valuation; species values; integrated model assessment; certification;
    All these keywords.

    JEL classification:

    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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