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The Architecture and Measurement of an Ecosystem Services Index
Department of Economics, Georgia State University, P.O. Box 3992, Atlanta, GA 30302, USA
National Bureau of Economic Research, Cambridge, MA 02138, USA
Research Fellow, Property and Environment Research Center, Bozeman, MT 59718, USA
Resources for the Future, Washington, DC 20036, USA
* Author to whom correspondence should be addressed.
Received: 5 January 2012; in revised form: 6 March 2012 / Accepted: 13 March 2012 / Published: 23 March 2012
Abstract: This paper discusses the construction of an ecosystem services index (ESI) and the respective roles of ecology and economics in that effort. It extends the concept of an ESI, analogous to Gross Domestic Product, to other analogous indices, including an ecosystem price or value index, and a net ESI that accounts for interactions between ecosystem stocks and service flows. A central aim of this paper is to account for services in an economically and ecologically defensible manner. It thus also discusses the connection between ecological models and economic models in the construction of ecosystem services indices, the former on the quantity side and the latter on the price/value side of the index.
Keywords: ecosystem services; green accounting; green GDP; index numbers; ecological economics; sustainability
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Cite This Article
MDPI and ACS Style
Banzhaf, H.S.; Boyd, J. The Architecture and Measurement of an Ecosystem Services Index. Sustainability 2012, 4, 430-461.
Banzhaf HS, Boyd J. The Architecture and Measurement of an Ecosystem Services Index. Sustainability. 2012; 4(4):430-461.
Banzhaf, H. Spencer; Boyd, James. 2012. "The Architecture and Measurement of an Ecosystem Services Index." Sustainability 4, no. 4: 430-461.