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Marine Ecosystem Services (MARECOS) is an interdisciplinary study that provides relevant information for national, Nordic and international ecosystem services assessments and valuation in the implementation of marine policy. This report aims to provide suggestions on how ecosystem condition assessments, being based on the Marine Strategy Framework Directive (MSFD), and the HELCOM indicator based assessments for the Baltic Sea, could be used for the assessment of ecosystem services. By describing the potentials of linking data and knowledge describing the status of marine ecosystems and water quality to the values of the services and goods provided, the report offers useful information for policy and decision makers in the domain of the marine and aquatic policies around the Baltic and in the Nordic countries.
This report presents an overview of the ecosystem services and associated benefits provided by the Baltic Sea, including information on the approaches of assessing and valuing ecosystem services being applied in the Baltic Sea region. It also identifies the main challenges in ecosystem service assessments in the Baltic Sea, and outlines the way forward in applying assessment tools in regional and national policies. Valuation of the benefits provided by ecosystem services can aid in designing more efficient policies for the protection of the Baltic Sea. The existing studies on the value of improved marine environment are useful in assessing the importance and value of some marine ecosystem services, but further work is still needed on describing ecosystem services and their interactions, and evaluating how policy changes affect these services and human well-being.
This report reviews the findings of an ecological/economic analyses regarding the on-going and prospective efforts to reduce eutrophication of the Baltic Sea, conducted by BalticSTERN, an international research network. The results indicate that the overall benefits of fulfilling the targets of the HELCOM Baltic Sea Action Plan (BSAP) clearly outweigh their aggregate costs, suggesting that the BSAP is an economically sound plan for solving the transboundary eutrophication problem. The cost of inaction - not implementing the objectives of the BSAP - would be significant.
This authoritative Encyclopedia provides an innovative approach to theory, reviews, applications and examples relevant to the basic concepts of water science and water management issues in order to facilitate better interdisciplinary cooperation.
Cost-Benefit Analysis provides accessible, comprehensive, authoritative, and practical treatments of the protocols for assessing the relative efficiency of public policies. Its review of essential concepts from microeconomics, and its sophisticated treatment of important topics with minimal use of mathematics helps students from a variety of backgrounds build solid conceptual foundations. It provides thorough treatments of time discounting, dealing with contingent uncertainty using expected surpluses and option prices, taking account of parameter uncertainties using Monte Carlo simulation and other types of sensitivity analyses, revealed preference approaches, stated preference methods including contingent valuation, and other related methods. Updated to cover contemporary research, this edition is considerably reorganized to aid in student and practitioner understanding, and includes eight new cases to demonstrate the actual practice of cost-benefit analysis. Widely cited, it is recognized as an authoritative source on cost-benefit analysis. Illustrations, exhibits, chapter exercises, and case studies help students master concepts and develop craft skills.
In the last three decades since the fall of the Berlin Wall, there has been a vast amount of study looking at transforming the planned economy to a market economy from both theoretical and empirical aspects. This book provides an overview and insight into transition economies in the recent decades and looks at key economics topics from the so-called “transition strategy debate” to environmental reform. The book also includes an analytical review and meta-analysis of the existing literature. By integrating theoretical discussions and synthesizing empirical findings in a systematic manner, this book may help to enlighten the debate on the timing, speed, and policy sequence of economic transition. The book will particularly appeal to researchers, policy makers, other practitioners, and under- and post-graduate students who are interested in transition economies in Eastern Europe, the former Soviet Union, Southeast Asia, and China. It aims to be read as an advanced reader.
The definitive reference on the most current economics of development and institutions The essential role that institutions play in understanding economic development has long been recognized across the social sciences, including in economics. Academic and policy interest in this subject has never been higher. The Handbook of Economic Development and Institutions is the first to bring together in one single volume the most cutting-edge work in this area by the best-known international economists. The volume’s editors, themselves leading scholars in the discipline, provide a comprehensive introduction, and the stellar contributors offer up-to-date analysis into institutional change and its ...
The history of livestock started with the domestication of their wild ancestors: a restricted number of species allowed to be tamed and entered a symbiotic relationship with humans. In exchange for food, shelter and protection, they provided us with meat, eggs, hides, wool and draught power, thus contributing considerably to our economic and cultural development. Depending on the species, domestication took place in different areas and periods. After domestication, livestock spread over all inhabited regions of the earth, accompanying human migrations and becoming also trade objects. This required an adaptation to different climates and varying styles of husbandry and resulted in an enormous...