Econometrics Informing Natural Resources Management potx

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Econometrics Informing Natural ResourcesManagementNEW HORIZONS IN ENVIRONMENTAL ECONOMICSSeries Editors: Wallace E. Oates, Professor of Economics, University of Maryland, USA and Henk Folmer,Professor of General Economics, Wageningen University and Professor of Environmental Economics,Tilburg University, The NetherlandsThis important series is designed to make a significant contribution to the development of the principlesand practices of environmental economics. It includes both theoretical and empirical work. Internationalin scope, it addresses issues of current and future concern in both East and West and in developed and devel-oping countries.The main purpose of the series is to create a forum for the publication of high quality work and to showhow economic analysis can make a contribution to understanding and resolving the environmental prob-lems confronting the world in the twenty-first century.Recent titles in the series include:The Economic Valuation of the Environment and Public PolicyA Hedonic ApproachNoboru HidanoGlobal Climate ChangeThe Science, Economics and PoliticsJames M. GriffinGlobal Environmental Change in Alpine RegionsRecognition, Impact, Adaptation and MitigationEdited by Karl W. Steininger and Hannelore Weck-HannemannEnvironmental Management and the Competitiveness of Nature-Based Tourism DestinationsTwan Huybers and Jeff BennettThe International Yearbook of Environmental and Resource Economics 2003/2004A Survey of Current IssuesEdited by Henk Folmer and Tom TietenbergThe Economics of Hydroelectric PowerBrian K. EdwardsDoes Environmental Policy Work?The Theory and Practice of Outcomes AssessmentEdited by David E. Ervin, James R. Kahn and Marie Leigh LivingstonThe International Yearbook of Environmental and Resource Economics 2004/2005A Survey of Current IssuesEdited by Tom Tietenberg and Henk FolmerVoluntary Approaches in Climate PolicyEdited by Andrea Baranzini and Philippe ThalmannWelfare Measurement in Imperfect MarketsA Growth Theoretical ApproachThomas Aronsson, Karl-Gustaf Löfgren and Kenneth BacklandEconometrics Informing Natural Resources ManagementSelected Empirical AnalysesPhoebe KoundouriEconometricsInforming NaturalResourcesManagementSelected Empirical AnalysesEdited byPhoebe KoundouriSenior Lecturer, Department of Economics, University ofReading, UK; Senior Research Fellow, Department ofEconomics, University College London, UK; Member of TheWorld Bank Groundwater Management Advisory Team(GWMATE)NEW HORIZONS IN ENVIRONMENTAL ECONOMICSEdward ElgarCheltenham, UK • Northampton, MA, USA© Phoebe Koundouri, 2004All rights reserved. No part of this publication may be reproduced, stored ina retrieval system or transmitted in any form or by any means, electronic,mechanical or photocopying, recording, or otherwise without the priorpermission of the publisher.Published byEdward Elgar Publishing LimitedGlensanda HouseMontpellier ParadeCheltenhamGlos GL50 1UAUKEdward Elgar Publishing, Inc.136 West StreetSuite 202NorthamptonMassachusetts 01060USAA catalogue record for this bookis available from the British LibraryISBN 1 84376 922 0 (cased)Printed and bound in Great Britain by MPG Books Ltd, Bodmin, CornwallDedicationTo Nikitas, my inspiration and rock, hopefully throughout this fascinatingjourney.[...]... INTRODUCTION 1 Econometrics informing natural resources management: introducing the book Phoebe Koundouri The increasing scarcity of natural resources (in terms of quantity and quality) is one of the most pervasive allocation issues facing development planners throughout the world The need for sustainable management of these valuable resources has become a critical policy concern Econometrics is a... is a tool that can inform and facilitate such management However, it is only recently that natural resource management has attracted the attention and interest of a critical mass of applied econometricians This volume outlines the fundamental principles and difficulties that characterize the challenging task of using econometrics to inform natural resource management policies and illustrates them through... of the art in the area of Econometrics applied to Environmental and Natural Resource Management The selection of contributions and referee process opted for a wide range of econometric techniques that can be used to inform natural resource management, while keeping a balance between methods and applications Applications concern atmospheric carbon reduction, water resource management, wildlife, crop... in crop diversity conservation and fisheries management, as well as characterization of irrigation water demand under uncertainty Finally, Part IV of the book introduces recent advances in the use of econometrics applied to natural resource management These include advances relevant to the valuation literature, as well as to the more general environmental management literature In particular, this final... stochasticity and resulting Introducing the book 5 risk are inherent in most problems of natural resource and environmental management Part III of the book focuses on the challenges that face econometricians when faced with the difficult task of assessing demand and supply attributes of stocks and flows of natural resources when these are used as inputs in a stochastic production process Applications concern... outcomes can also be thought of as efficient The rest of the book is divided into four parts Part I, focuses on the static and dynamic estimations of the demand function for natural resources The applications concern water resources management and allocation in the industrial and residential sectors In particular, the first application concerns water pricing reforms in the manufacturing sector of a developing... water in an EU member state Given the public good characteristics and externalities inherent in the nature and allocation of most natural resources and environmental services, quite often their demand needs to be retrieved in the absence of an underlying market where these resources are traded Part II of the book focuses on methods that can be employed to measure willingness to pay (WTP) for flows and... proscription of specific uses provided that mechanisms are instituted to tap the willingness to pay for such proscriptions The chapter by Georgiou et al also focuses on valuation of natural resources through survey methods and follows naturally on from Swanson and Kontoleon’s work In particular, the method used is contingent ranking (Smith and Desvousges, 1986), which is a survey-based technique designed to... application, they find the presence of inflexion points in the irrigation water demand curve and analyse the effects of this result in terms of policy analysis PART IV: RECENT ADVANCES IN ECONOMETRICS METHODS APPLIED TO NATURAL RESOURCE MANAGEMENT Part IV of the book is introduced by Bateman and Jones, who present a variety of meta analysis1 models of woodland recreation benefit estimates, Introducing the book... Production Functions and Econometric Implications’, Journal of Econometrics, 7, 67–86 Kenyon, W., and Edward-Jones, G (1998), ‘What Level of Information Enables the Public to Act like Experts when Evaluating Ecological Goods?’, Journal of Environmental Planning and Management, 41 (4), 463–75 Li, C.Z., and Lofgren, K.G (2000), ‘Renewable Resources and Economic Sustainability: A Dynamic Analysis with . Backland Econometrics Informing Natural Resources Management Selected Empirical AnalysesPhoebe Koundouri Econometrics Informing Natural Resources Management Selected. h1" alt="" 1. Econometrics informing natural resources management: introducingthe bookPhoebe KoundouriThe increasing scarcity of natural resources (in
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