The Potential Economic Benefits of Integrated and Sustainable Ocean Observation Systems: The Southeast Atlantic Region

Christopher F. Dumas and John C. Whitehead ()

No 05-15, Working Papers from Department of Economics, Appalachian State University

Abstract: The South East Atlantic Coastal Ocean Observing System (SEACOOS) collects, manages and disseminates coastal oceanic and atmospheric observation information along the Atlantic coast of the southeastern United States. This paper estimates the benefits of SEACOOS information in eleven benefit categories. Following a methodology used in similar studies of other U.S. coastal regions, we evaluate the impacts of conservative changes in economic activity in each sector. The annual economic benefit of SEACOOS information is $170 million (2003 $'s), an estimate that falls between annual benefits of $33 million for the Gulf of Maine region and $381 million for the Gulf of Mexico.

JEL-codes: Q51 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-env and nep-mkt
Date: Written 2005
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