Spatial aggregation and the value of natural capital
Author
Abstract
Suggested Citation
DOI: 10.1016/j.jeem.2019.03.001
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Craig A. Bond, 2017. "Valuing Coastal Natural Capital in a Bioeconomic Framework," Water Economics and Policy (WEP), World Scientific Publishing Co. Pte. Ltd., vol. 3(02), pages 1-26, April.
- Kenneth Arrow & Partha Dasgupta & Lawrence Goulder & Gretchen Daily & Paul Ehrlich & Geoffrey Heal & Simon Levin & Karl-Göran Mäler & Stephen Schneider & David Starrett & Brian Walker, 2004. "Are We Consuming Too Much?," Journal of Economic Perspectives, American Economic Association, vol. 18(3), pages 147-172, Summer.
- Kirk Hamilton & John Hartwick, 2014. "Wealth and sustainability," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 30(1), pages 170-187.
- Briant, A. & Combes, P.-P. & Lafourcade, M., 2010.
"Dots to boxes: Do the size and shape of spatial units jeopardize economic geography estimations?,"
Journal of Urban Economics, Elsevier, vol. 67(3), pages 287-302, May.
- Combes, Pierre-Philippe & Lafourcade, Miren & ,, 2008. "Dots to Boxes: Do the Size and Shape of Spatial Units Jeopardize Economic Geography Estimations?," CEPR Discussion Papers 6928, C.E.P.R. Discussion Papers.
- Anthony Briant & Pierre-Philippe Combes & Miren Lafourcade, 2010. "Dots to boxes: Do the size and shape of spatial units jeopardize economic geography estimations?," PSE-Ecole d'économie de Paris (Postprint) halshs-00754452, HAL.
- Anthony Briant & Pierre-Philippe Combes & Miren Lafourcade, 2010. "Dots to boxes: Do the size and shape of spatial units jeopardize economic geography estimations?," Post-Print halshs-00754452, HAL.
- Anthony Briant & Pierre-Philippe Combes & Miren Lafourcade, 2008. "Dots to boxes: Do the size and shape of spatial units jeopardize economic geography estimations?," PSE Working Papers halshs-00586029, HAL.
- Anthony Briant & Pierre-Philippe Combes & Miren Lafourcade, 2008. "Dots To Boxes: Do The Size And Shape Of Spatial Units Jeopardize Economic Geography Estimations?," PSE Working Papers halshs-00349294, HAL.
- Anthony Briant & Pierre-Philippe Combes & Miren Lafourcade, 2008. "Dots to boxes: Do the size and shape of spatial units jeopardize economic geography estimations?," Working Papers halshs-00586029, HAL.
- Anthony Briant & Pierre-Philippe Combes & Miren Lafourcade, 2008. "Dots To Boxes: Do The Size And Shape Of Spatial Units Jeopardize Economic Geography Estimations?," Working Papers halshs-00349294, HAL.
- A. Briant & P.-P. Combes & M. Lafourcade, 2010. "Dots to boxes: Do the size and shape of spatial units jeopardize economic geography estimations?," PSE-Ecole d'économie de Paris (Postprint) hal-04246924, HAL.
- A. Briant & P.-P. Combes & M. Lafourcade, 2010. "Dots to boxes: Do the size and shape of spatial units jeopardize economic geography estimations?," Post-Print hal-04246924, HAL.
- Arrow, Kenneth J. & Dasgupta, Partha & Goulder, Lawrence H. & Mumford, Kevin J. & Oleson, Kirsten, 2012.
"Sustainability and the measurement of wealth,"
Environment and Development Economics, Cambridge University Press, vol. 17(3), pages 317-353, June.
- Kenneth J Arrow, 2010. "Sustainability and the Measurement of Wealth," National Institute of Economic and Social Research (NIESR) Discussion Papers 369, National Institute of Economic and Social Research.
- Kenneth J. Arrow & Partha Dasgupta & Lawrence H. Goulder & Kevin J. Mumford & Kirsten Oleson, 2010. "Sustainability and the Measurement of Wealth," NBER Working Papers 16599, National Bureau of Economic Research, Inc.
- Daron Acemoglu & Simon Johnson & James A. Robinson, 2002.
"Reversal of Fortune: Geography and Institutions in the Making of the Modern World Income Distribution,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 117(4), pages 1231-1294.
- Daron Acemoglu & Simon Johnson & James A. Robinson, 2001. "Reversal of Fortune: Geography and Institutions in the Making of the Modern World Income Distribution," NBER Working Papers 8460, National Bureau of Economic Research, Inc.
- Dale Whittington & Duncan MacRae, 1986. "The issue of standing in cost-benefit analysis," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 5(4), pages 665-682.
- Pfeiffer, Lisa & Lin, C.-Y. Cynthia, 2010. "The Effect of Irrigation Technology on Groundwater Use," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 25(3), pages 1-6.
- Douglass C. North, 1991. "Institutions," Journal of Economic Perspectives, American Economic Association, vol. 5(1), pages 97-112, Winter.
- Dasgupta, Partha & Mäler, Karl-Göran, 2000. "Net national product, wealth, and social well-being," Environment and Development Economics, Cambridge University Press, vol. 5(1), pages 69-93, February.
- Nick Hanley & Louis Dupuy & Eoin McLaughlin, 2015.
"Genuine Savings And Sustainability,"
Journal of Economic Surveys, Wiley Blackwell, vol. 29(4), pages 779-806, September.
- Nick Hanley & Louis Dupuy & Eoin McLaughlin, 2014. "Genuine Savings and Sustainability," Discussion Papers in Environment and Development Economics 2014-09, University of St. Andrews, School of Geography and Sustainable Development.
- Fleurbaey, Marc & Blanchet, Didier, 2013. "Beyond GDP: Measuring Welfare and Assessing Sustainability," OUP Catalogue, Oxford University Press, number 9780199767199.
- Pfeiffer, Lisa & Lin, C.-Y. Cynthia, 2012.
"Groundwater pumping and spatial externalities in agriculture,"
Journal of Environmental Economics and Management, Elsevier, vol. 64(1), pages 16-30.
- Pfeiffer, Lisa & Lin, C.Y. Cynthia, 2009. "Groundwater Pumping and Spatial Externalities in Agriculture," Working Papers 225899, University of California, Davis, Department of Agricultural and Resource Economics.
- Kirk Hamilton & Esther Naikal, 2014. "Comprehensive wealth accounting and sustainable development," Chapters, in: Giles Atkinson & Simon Dietz & Eric Neumayer & Matthew Agarwala (ed.), Handbook of Sustainable Development, chapter 2, pages 25-40, Edward Elgar Publishing.
- V. Kerry Smith, 1993. "Nonmarket Valuation of Environmental Resources: An Interpretive Appraisal," Land Economics, University of Wisconsin Press, vol. 69(1), pages 1-26.
- Kirk Hamilton & Giovanni Ruta, 2009. "Wealth Accounting, Exhaustible Resources and Social Welfare," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 42(1), pages 53-64, January.
- Rosegrant, Mark W. & Binswanger, Hans P., 1994. "Markets in tradable water rights: Potential for efficiency gains in developing country water resource allocation," World Development, Elsevier, vol. 22(11), pages 1613-1625, November.
- Arrow, Kenneth J. & Dasgupta, Partha & Goulder, Lawrence H. & Mumford, Kevin J. & Oleson, Kirsten, 2013. "Sustainability and the measurement of wealth: further reflections," Environment and Development Economics, Cambridge University Press, vol. 18(4), pages 504-516, August.
- Sloggett, Gordon & Dickason, Clifford, 1986. "Ground-Water Mining in the United States," Agricultural Economic Reports 308008, United States Department of Agriculture, Economic Research Service.
- Kevin J. Boyle & Nicolai V. Kuminoff & Christopher F. Parmeter & Jaren C. Pope, 2010. "The Benefit-Transfer Challenges," Annual Review of Resource Economics, Annual Reviews, vol. 2(1), pages 161-182, October.
- Eli P. Fenichel & Joshua K. Abbott, 2014. "Natural Capital: From Metaphor to Measurement," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 1(1), pages 1-27.
- John B. Loomis, 2000. "Vertically Summing Public Good Demand Curves: An Empirical Comparison of Economic versus Political Jurisdictions," Land Economics, University of Wisconsin Press, vol. 76(2), pages 312-321.
- Solow, Robert, 1993. "An almost practical step toward sustainability," Resources Policy, Elsevier, vol. 19(3), pages 162-172, September.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Yukiko Hashida & Eli P. Fenichel, 2022. "Valuing natural capital when management is dominated by periods of inaction," American Journal of Agricultural Economics, John Wiley & Sons, vol. 104(2), pages 791-811, March.
- Enrique Calfucura, 2024. "Evaluación de Servicios Ecosistémicos de Regulación y Soporte: Una Revisión y Hechos Estilizados para Chile," Economic Statistics Series 142, Central Bank of Chile.
- Rintaro Yamaguchi, 2021. "Genuine Savings and Sustainability with Resource Diffusion," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 80(2), pages 451-471, October.
- Shew, Aaron M. & Nalley, Lawton L. & Durand-Morat, Alvaro & Meredith, Kylie & Parajuli, Ranjan & Thoma, Greg & Henry, Christopher G., 2021. "Holistically valuing public investments in agricultural water conservation," Agricultural Water Management, Elsevier, vol. 252(C).
- Fenichel, Eli P. & Dean, Monica F., 2024. "Blended academic insights for biodiversity and conservation finance," Ecological Economics, Elsevier, vol. 223(C).
- Robert J. Johnston & Kevin J. Boyle & Maria L. Loureiro & Ståle Navrud & John Rolfe, 2021. "Guidance to Enhance the Validity and Credibility of Environmental Benefit Transfers," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 79(3), pages 575-624, July.
- Ethan T. Addicott, 2024. "The Value and Configuration of Coastal Natural Capital," NBER Chapters, in: Measuring and Accounting for Environmental Public Goods: A National Accounts Perspective, National Bureau of Economic Research, Inc.
- Manning, Dale T. & Rad, Mani Rouhi & Suter, Jordan F. & Goemans, Christopher & Xiang, Zaichen & Bailey, Ryan, 2020. "Non-market valuation in integrated assessment modeling: The benefits of water right retirement," Journal of Environmental Economics and Management, Elsevier, vol. 103(C).
- Sampson, Gabriel S. & Hendricks, Nathan P. & Taylor, Mykel R., 2019. "Land market valuation of groundwater," Resource and Energy Economics, Elsevier, vol. 58(C).
- Knoke, Thomas & Elsasser, Peter & Kindu, Mengistie, 2024. "Considering the land-cover elasticity of ecosystem service value coefficients improves assessments of large land-use changes," Ecosystem Services, Elsevier, vol. 68(C).
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Eli P Fenichel & Yukiko Hashida, 2019. "Choices and the value of natural capital," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 35(1), pages 120-137.
- McLaughlin, Eoin & Ducoing, Cristián & Hanley, Nick, 2024.
"Challenges of wealth-based sustainability metrics: A critical appraisal,"
Ecological Economics, Elsevier, vol. 224(C).
- McLaughlin, Eoin & Ducoing, Cristián & Hanley, Nick, 2024. "Challenges of wealth-based sustainability metrics: A critical appraisal," Accountancy, Economics, and Finance Working Papers 2024-05, Heriot-Watt University, Department of Accountancy, Economics, and Finance.
- Yamaguchi, Rintaro, 2020. "Available capital, utilized capital, and shadow prices in inclusive wealth accounting," Ecological Economics, Elsevier, vol. 169(C).
- Ben Groom & Zachary Turk, 2021. "Reflections on the Dasgupta Review on the Economics of Biodiversity," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 79(1), pages 1-23, May.
- Geir B. Asheim & Rintaro Yamaguchi, 2023. "Comprehensive National Accounting for Carbon Emissions," CESifo Working Paper Series 10562, CESifo.
- Craig A. Bond, 2017. "Valuing Coastal Natural Capital in a Bioeconomic Framework," Water Economics and Policy (WEP), World Scientific Publishing Co. Pte. Ltd., vol. 3(02), pages 1-26, April.
- Kvamsdal, Sturla F. & Sandal, Leif K. & Poudel, Diwakar, 2020. "Ecosystem wealth in the Barents Sea," Ecological Economics, Elsevier, vol. 171(C).
- McGrath, Luke & Hynes, Stephen & McHale, John, 2019.
"Augmenting the World Bank's estimates: Ireland's genuine savings through boom and bust,"
Ecological Economics, Elsevier, vol. 165(C), pages 1-1.
- McGrath, Luke & Hynes, Stephen & McHale, John, 2019. "Augmenting the World Bank’s estimates: Ireland’s Genuine Savings through boom and bust," Working Papers 309539, National University of Ireland, Galway, Socio-Economic Marine Research Unit.
- Luke McGrath & Stephen Hynes & John McHale, 2020.
"Linking Sustainable Development Assessment in Ireland and the European Union with Economic Theory,"
The Economic and Social Review, Economic and Social Studies, vol. 51(2), pages 327-355.
- McGrath, Luke & Hynes, Stephen & McHale, John, 2020. "Linking Sustainable Development Assessment in Ireland and the European Union with Economic Theory," Working Papers 309508, National University of Ireland, Galway, Socio-Economic Marine Research Unit.
- Shunsuke Managi & Shuning Chen & Pushpam Kumar & Partha Dasgupta, 2024. "Sustainable matrix beyond GDP: investment for inclusive growth," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-10, December.
- Sugiawan, Yogi & Kurniawan, Robi & Managi, Shunsuke, 2019. "Are carbon dioxide emission reductions compatible with sustainable well-being?," Applied Energy, Elsevier, vol. 242(C), pages 1-11.
- Roman, Philippe & Thiry, Géraldine, 2016. "The inclusive wealth index. A critical appraisal," Ecological Economics, Elsevier, vol. 124(C), pages 185-192.
- Yamaguchi, Rintaro & Managi, Shunsuke, 2019. "Backward- and Forward-looking Shadow Prices in Inclusive Wealth Accounting: An Example of Renewable Energy Capital," Ecological Economics, Elsevier, vol. 156(C), pages 337-349.
- Koji Tokimatsu & Louis Dupuy & Nick Hanley, 2019.
"Using Genuine Savings for Climate Policy Evaluation with an Integrated Assessment Model,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 72(1), pages 281-307, January.
- Louis Dupuy & Koji Tokimatsu & Nick Hanley, 2017. "Using Genuine Savings for Climate Policy Evaluation with an Integrated Assessment Model," Discussion Papers in Environment and Development Economics 2017-07, University of St. Andrews, School of Geography and Sustainable Development.
- Louis Dupuy & Koji Tokimatsu & Nick Hanley, 2019. "Using Genuine Savings for Climate Policy Evaluation with an Integrated Assessment Model," Post-Print hal-03390215, HAL.
- Matthias Blum & Eoin McLaughlin & Nick Hanley, 2019.
"Accounting for Sustainable Development over the Long‐Run: Lessons from Germany,"
German Economic Review, Verein für Socialpolitik, vol. 20(4), pages 410-446, November.
- Blum Matthias & McLaughlin Eoin & Hanley Nick, 2019. "Accounting for Sustainable Development over the Long-Run: Lessons from Germany," German Economic Review, De Gruyter, vol. 20(4), pages 410-446, December.
- Matthias Blum & Eoin McLaughlin & Nick Hanley, 2014. "Accounting for Sustainable Development over the Long-Run:Lessons from Germany," Discussion Papers in Environment and Development Economics 2014-10, University of St. Andrews, School of Geography and Sustainable Development.
- Hoff, Jens V. & Rasmussen, Martin M.B. & Sørensen, Peter Birch, 2021. "Barriers and opportunities in developing and implementing a Green GDP," Ecological Economics, Elsevier, vol. 181(C).
- Nick Hanley & Louis Dupuy & Eoin McLaughlin, 2015.
"Genuine Savings And Sustainability,"
Journal of Economic Surveys, Wiley Blackwell, vol. 29(4), pages 779-806, September.
- Nick Hanley & Louis Dupuy & Eoin McLaughlin, 2014. "Genuine Savings and Sustainability," Discussion Papers in Environment and Development Economics 2014-09, University of St. Andrews, School of Geography and Sustainable Development.
- Fleurbaey, Marc, 2015. "On sustainability and social welfare," Journal of Environmental Economics and Management, Elsevier, vol. 71(C), pages 34-53.
- Alan Randall, 2020. "On Intergenerational Commitment, Weak Sustainability, and Safety," Sustainability, MDPI, vol. 12(13), pages 1-18, July.
- Kristen Cooper & Mark Fabian & Christian Krekel, 2023.
"New approaches to measuring welfare,"
Fiscal Studies, John Wiley & Sons, vol. 44(2), pages 123-135, June.
- Cooper, Kristen & Fabian, Mark & Krekel, Christian, 2023. "New approaches to measuring welfare," LSE Research Online Documents on Economics 120109, London School of Economics and Political Science, LSE Library.
More about this item
Keywords
Green accounting; Inclusive wealth; Genuine savings; Sustainability; Groundwater;All these keywords.
JEL classification:
- Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
- Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water
- Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
- R32 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Other Spatial Production and Pricing Analysis
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jeeman:v:95:y:2019:i:c:p:118-132. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/622870 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.