Academic Journal
Ecosystem Services and the Macroeconomy: A Review of Linkages and Evaluation of Analytical Tools
| العنوان: | Ecosystem Services and the Macroeconomy: A Review of Linkages and Evaluation of Analytical Tools |
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| المؤلفون: | Smith, Rodney B. W. |
| المصدر: | http://ageconsearch.umn.edu/record/330877. |
| سنة النشر: | 2023 |
| المجموعة: | AgEcon Search - Research in Agricultural & Applied Economics |
| الوصف: | Natural capital is essential to the performance of sustainable development, supporting our way of life and achieving the Millennium Development Goals. Because of the numerous and complex links between economy and the ecosystem services, and the need to inform the public of the potential economic and social problems resulting from diminished levels of ecosystem service provision, it is important that ecosystem services are taken into account in the macroeconomic decisions. The objectives of this report are (i) to summarize and critique the existing models used for examining macroeconomic and ecosystem linkages (meta-models); (ii) to develop an alternative model that circumvents the major criticisms of the existing meta-models; and (iii) to provide two examples of how the model has been empirically implemented. Based on the assessment of the existing models, it can be argued that the existing macroeconomic-ecosystem models suffer from one or more of the following problems: (i) the economic side of the model does not include exchange prices chat are generated within the model (hence, little confidence can be placed in how the model chooses input and output levels, and hence economic performance); the ecosystem does not feed back into the economy (implication being the economy is not affected by ecosystem or natural asset restoration or decline); (iii) the economy does not directly affect the ecosystem (implication being it ignores the impact of pollution and cannot accommodate events like fishery collapses); and (iv) one of the major determinants of per capita economic growth, savings, are exogenous to the model (major, nuanced, implication being that such models are of limited use in conducting long run analysis). Each of these shortcomings almost certainly introduces a bias in the predicted ecosystem values generated by the existing meta-models. The model developed for this report addresses each of the above meta-model shortcomings, and provides examples of the types of insights and ecosystem value measures we ... |
| نوع الوثيقة: | text |
| اللغة: | English |
| Relation: | https://ageconsearch.umn.edu/record/330877/files/Smith_2013_Ecosystem_services.pdf; http://ageconsearch.umn.edu/record/330877 |
| DOI: | 10.22004/ag.econ.330877 |
| الاتاحة: | https://doi.org/10.22004/ag.econ.330877 http://ageconsearch.umn.edu/record/330877 https://ageconsearch.umn.edu/record/330877/files/Smith_2013_Ecosystem_services.pdf |
| رقم الانضمام: | edsbas.C042F50D |
| قاعدة البيانات: | BASE |
| DOI: | 10.22004/ag.econ.330877 |
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