The Management and Economics of a Life-Threatening Invasive Species in Hawaii

Jason Levy () and Peiyong Yu ()
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Jason Levy: University of Hawaii – West Oahu
Peiyong Yu: University of Hawaii – West Oahu

A chapter in Empirical Studies on Economics of Innovation, Public Economics and Management, 2017, pp 305-317 from Springer

Abstract: Abstract While many of Hawai‘i’s native terrestrial ecosystems have been heavily impacted by human activities, invasive species continue to pose one of the greatest threats to the health of Hawaii’s native forests and watersheds. Falcataria moluccana (F. moluccana) removal and reforestation with native species can enhance watershed integrity, improve habitat for native species, and generate sustainable ecosystem services and forest products. Public cost-sharing and tax incentives are valuable strategies to encourage private landowners to invest in long-term F. moluccana management and reforestation. The characteristics of real estate properties affected by the highly invasive F. moluccana are examined in depth. Key sections of the Puna zone of Hawaii Island (Big Island) are graphically displayed and statistically analyzed based on property and land characteristics. The fraction of properties affected by F. moluccana receiving a homeowner exemption, the value of buildings and land on properties affected by F. moluccana and the number of property uses in each section (PITT codes for tax purposes) are provided.

Keywords: Real estate economics; Hawaii; Invasive species; Property values (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:eurchp:978-3-319-50164-2_19

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DOI: 10.1007/978-3-319-50164-2_19

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