Land Use Change and Ecosystem Valuation in North Georgia

Daniel Ngugi, Jeff Mullen and John Bergstrom

No 46853, 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia from Southern Agricultural Economics Association

Abstract: This study seeks to forecast land use change in a North Georgia ecosystem, and estimate the economic value of the ecosystem using benefit transfer techniques. We forecast land use change based on a structural time series model and a simple growth rate model. The study suggests a lower bound willingness to pay value of about USD 16,000 per year to ensure compliance with fishing and drinking water quality standards with regard to fecal coliform bacteria and dissolved oxygen. Conservation efforts are likely to cost less than the cost of defensive behavior or ecosystem restoration.

Keywords: Ecosystem; Economic value; North Georgia; land use; water quality; structural time series; benefit transfer; forecasting.; Environmental Economics and Policy; Land Economics/Use; Q51; Q53; Q57 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-env and nep-for
Date: 2009-01
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