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Assessing Economic Impacts Of Natural Resource Management Using Economic Surplus

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  • Swinton, Scott M.

Abstract

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.

Suggested Citation

  • Swinton, Scott M., 2004. "Assessing Economic Impacts Of Natural Resource Management Using Economic Surplus," Staff Paper Series 11668, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    • Handle: RePEc:ags:midasp:11668
    DOI: 10.22004/ag.econ.11668
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    References listed on IDEAS

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    1. Sreedevi, T. K. & Wani, S. P., 2009. "Integrated farm management practices and upscaling the impact for increased productivity of rainfed systems," IWMI Books, Reports H042001, International Water Management Institute.
    2. Kelly, Valerie A., 2005. "Farmers' Demand for Fertilizer in Sub-Saharan Africa," Staff Paper Series 11612, Michigan State University, Department of Agricultural, Food, and Resource Economics.

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