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| Research article summary (published 29 Jun 2003): |
Incorporating natural capital into economy-wide impact analysis: a case study from Alberta.
Full Abstract
Traditionally, decision-makers have relied on economic impact estimates derived from conventional economy-wide models. Conventional models lack the environmental linkages necessary for examining environmental stewardship and economic sustainability, and in particular the ability to assess the impact of policies on natural capital. This study investigates environmentally extended economic impact estimation on a regional scale using a case study region in the province of Alberta known as the Foothills Model Forest (FMF). Conventional economic impact models are environmentally extended in pursuit of enhancing policy analysis and local decision-making. It is found that the flexibility of the computable general equilibrium (CGE) modeling approach offers potential for environmental extension, with a solid grounding in economic theory. The CGE approach may be the tool of the future for more complete integrated environment and economic impact assessment.
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Author information
Author/s: Patriquin, Mike N (MN); Alavalapati, Janaki R R (JR); Adamowicz, Wiktor L (WL); White, William A (WA);
Affiliation: Canadian Forest Service, Northern Forestry Centre, St. Edmonton, Alberta, Canada.
Journal and publication information
Publication Type: Journal Article
Journal: Environmental monitoring and assessment (Environ Monit Assess), published in Netherlands. (Language: eng)
Reference: -2003 Jul-Aug; vol 86 (issue 1-2) : pp 149-69
Dates: Created 2003/07/15; Completed 2003/10/17; Revised 2004/11/17;
PMID: 12859004, status: MEDLINE (last retrieval date: 11/6/2008)
Sourced from the National Library of Medicine. Abstract text and other information may be subject to copyright.
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