Analysis and Evaluation of Ecosystem Resilience: An Economic Perspective

Lucia Vergano and Paulo Nunes ()
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Lucia Vergano: Università degli studi di Pavia

No 2006.25, Working Papers from Fondazione Eni Enrico Mattei

Abstract: This paper focuses on the analyses and evaluation of resilience anchored in an economic perspective. Resilience, as well as most of the benefits provided by ecosystems, is not priced on current markets. However, this does not mean that resilience is of no value for humans. On the contrary, the interest of using an economic perspective, and the respective scientific methodology, will be put forward in terms of resilience relevance for ecosystems’ life and functioning, and its impact on human welfare. The economic perspective is anchored in an anthropocentric analysis meaning that resilience is evaluated in terms of provision of natural capital benefits. These, in turn, are interpreted as an insurance against the risk of ecosystem malfunctioning and the consequent interruption of the provision of goods and services to humans. For this analysis, we make use of a conceptual framework so as to identify and describe the different value components of resilience. Finally, we present an illustration that tackles the economic analysis and discussion of resilience benefits in the context of the Venice Lagoon.

Keywords: Ecosystems’ resilience; Ecosystems’ thresholds; Natural insurance capital; Economic perspective; Economic value (search for similar items in EconPapers)
JEL-codes: D62 H41 Q25 Q28 Q51 (search for similar items in EconPapers)
Date: 2006-02
New Economics Papers: this item is included in nep-env and nep-ias
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Related works:
Working Paper: Analysis and Evaluation of Ecosystem Resilience: An Economic Perspective (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:fem:femwpa:2006.25

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