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The Role and Value of Natural Capital in Regional Landscapes

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  • Bergstrom, John C.

Abstract

Several developments in recent years related to the use, valuation, and management of natural resources provide the motivation for this paper. First, increased urbanization during the economic boom times of the 1990s has led to acceleration of the conversion of natural and undeveloped areas to unnatural and built-up areas in many regions of the nation. As a result people concerned about the loss of nature and various associated benefits in their communities are pushing for public action to protect remaining natural and undeveloped areas. The push for these protective actions sets the stage for conflicts with other people who support continued allocation of natural and undeveloped areas to various types of urban-related development. Insight into the resolution of such conflicts can be gained through a better understanding of how natural capital contributes to quality of life in different regions.

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  • Bergstrom, John C., 2001. "The Role and Value of Natural Capital in Regional Landscapes," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 33(2), pages 283-296, August.
    • Handle: RePEc:cup:jagaec:v:33:y:2001:i:02:p:283-296_00
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