Description
Book SynopsisThis fascinating book outlines the fundamental principles and difficulties that characterise the challenging task of using econometrics to inform natural resource management policies, and illustrates them through a number of case studies from all over the world.
The book offers a comprehensive overview of the broader picture of the state-of-the-art in econometrics as applied to environmental and natural resource management. It includes a wide range of econometric techniques that can be used to inform natural resource management, while keeping a balance between methods and applications. Case studies have been carefully chosen to be of major concern in the arena of environmental policy, mainly in Europe (both EU member states and assessing countries), but also in the US and some developing countries.
Econometrics Informing Natural Resources Management will be welcomed by academics and researchers interested in the areas of natural resource economics and econometrics, and also applied econometrics.
Trade Review'. . . my impression is that this is certainly a good book. I am sure that it will make a valuable contribution to the field; hence I recommend that scholars in the field of natural resource economics read it.' -- Budy P. Resosudarmo, Economic Record
Table of ContentsContents: Introduction 1. Econometrics Informing Natural Resources Management: Introducing the Book 2. Sustainability Informed by Econometrics: The Dynamics of the Long-run Discount Rate Part I: Static and Dynamic Estimation of Natural Resource Demand 3. Water Pricing Reforms in Mexico: The Case of the Manufacturing Sector 4. Residential Water Demand in the Slovak Republic 5. Estimating Urban Water Demands: A Dynamic Approach Part II: Valuation Methods 6. Households' Valuation of Domestic Water in Indonesia: Revisiting the Supply Driven Approach 7. Conflicts in Wildlife Conservation: Aggregating Total Economic Values 8. Contingent Ranking of River Water Quality Improvements 9. Environmental Resource Information and the Validity of Non-use Values: The Case of Remote Mountain Lakes Part III: Estimation Under Uncertainty 10. The Role of Risk Properties and Farm Risk Aversion on Crop Diversity Conservation 11. Stochastic Production in a Regulated Fishery: The Importance of Risk Considerations 12. Is Irrigation Water Demand Really Convex? Part IV: Recent Advances in Econometrics Methods Applied to Natural Resource Management 13. Contrasting Conventional with Multinational-level Modelling Approaches to Meta-Analysis: Expectation Consistency 14. Individual-Specific Welfare Measures for Public Goods: A Latent Class Approach to Residential Customers of Yorkshire Water 15. Estimation of Resource Management Objectives through Empirical Likelihood: Can Regulatory Policies and Economic Optimization be Reconciled? 16. Examining the Environmental Kuznets Curve: What Can Kernel Estimation Say? Index
