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Sustainability 2012, 4(4), 430-461; doi:10.3390/su4040430

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 / Revised: 6 March 2012 / Accepted: 13 March 2012 / Published: 23 March 2012
(This article belongs to the Special Issue Environmental and Resource Economics)
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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. View Full-Text
Keywords: ecosystem services; green accounting; green GDP; index numbers; ecological economics; sustainability ecosystem services; green accounting; green GDP; index numbers; ecological economics; sustainability

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This is an open access article distributed under the Creative Commons Attribution License (CC BY 3.0).

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Banzhaf, H.S.; Boyd, J. The Architecture and Measurement of an Ecosystem Services Index. Sustainability 2012, 4, 430-461.

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