Ecosystem services assessment: A review under an ecological-economic and systems perspective
Tiina Häyhä and
Pier Paolo Franzese
Ecological Modelling, 2014, vol. 289, issue C, 124-132
A comprehensive understanding of interlinked ecological-economic systems requires integration of different theoretical frameworks and assessment methods. This paper reviews the main definitions, classifications, and methodological approaches used to identify, assess, and value stocks of natural capital and flows of ecosystem services. A synthesis of the major developments in the field of ecosystem services assessment is provided and the main future challenges are outlined. The notion of value in relation to natural capital and ecosystem services is discussed exploring different economic and ecological approaches. We then propose a conceptual framework integrating environmental accounting and ecosystem services assessment to highlight three main possible windows of attention to be investigated when focusing on ecosystem services provision and exploitation: (1) sustained economic and environmental costs, (2) received benefits, and (3) generated impacts. Finally, we conclude that such an ecological-economic and systems perspective to ecosystem services assessment could play an important role in investigating the interplay between ecological and socio-economic systems, allowing a broader and more comprehensive understanding of the benefits gained from ecosystems and the costs due to their exploitation.
Keywords: Natural capital; Ecosystem services; Economic valuation; Environmental accounting; Socio-ecological systems; Systems perspective (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (9) Track citations by RSS feed
Downloads: (external link)
Full text for ScienceDirect subscribers only
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:eee:ecomod:v:289:y:2014:i:c:p:124-132
Access Statistics for this article
Ecological Modelling is currently edited by Brian D. Fath
More articles in Ecological Modelling from Elsevier
Series data maintained by Dana Niculescu ().