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The Management and Economics of a Life-Threatening Invasive Species in Hawaii

In: Empirical Studies on Economics of Innovation, Public Economics and Management

Author

Listed:
  • Jason Levy

    (University of Hawaii – West Oahu)

  • Peiyong Yu

    (University of Hawaii – West Oahu)

Abstract

While many of Hawai‘i’s native terrestrial ecosystems have been heavily impacted by human activities, invasive species continue to pose one of the greatest threats to the health of Hawaii’s native forests and watersheds. Falcataria moluccana (F. moluccana) removal and reforestation with native species can enhance watershed integrity, improve habitat for native species, and generate sustainable ecosystem services and forest products. Public cost-sharing and tax incentives are valuable strategies to encourage private landowners to invest in long-term F. moluccana management and reforestation. The characteristics of real estate properties affected by the highly invasive F. moluccana are examined in depth. Key sections of the Puna zone of Hawaii Island (Big Island) are graphically displayed and statistically analyzed based on property and land characteristics. The fraction of properties affected by F. moluccana receiving a homeowner exemption, the value of buildings and land on properties affected by F. moluccana and the number of property uses in each section (PITT codes for tax purposes) are provided.

Suggested Citation

  • Jason Levy & Peiyong Yu, 2017. "The Management and Economics of a Life-Threatening Invasive Species in Hawaii," Eurasian Studies in Business and Economics, in: Mehmet Huseyin Bilgin & Hakan Danis & Ender Demir & Ugur Can (ed.), Empirical Studies on Economics of Innovation, Public Economics and Management, pages 305-317, Springer.
    • Handle: RePEc:spr:eurchp:978-3-319-50164-2_19
    DOI: 10.1007/978-3-319-50164-2_19
    as

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