Valuing Ecosystem Services for Agricultural TFP

31 Pages Posted: 29 Sep 2020

See all articles by Moriah Bostian

Moriah Bostian

Lewis & Clark College - Department of Economics

Tommy Lundgren

Umea School of Business and Economics

Date Written: June 3, 2020

Abstract

This paper provides a brief overview of methods to incorporate ecosystem service values into measures of agricultural total factor productivity, both in theory and in practice. This includes a review of the academic literature, summary of related economic index theory, and comparison of agency guidelines. We consider areas of consensus between the agencies and research literature, as well as open debates surrounding implementation of a standardized ecosystem accounting framework to integrate with existing TFP measures.

Keywords: Ecosystem services, valuation, agricultural TFP

JEL Classification: D24, Q57

Suggested Citation

Bostian, Moriah and Lundgren, Tommy, Valuing Ecosystem Services for Agricultural TFP (June 3, 2020). Available at SSRN: https://ssrn.com/abstract=3673149 or http://dx.doi.org/10.2139/ssrn.3673149

Moriah Bostian (Contact Author)

Lewis & Clark College - Department of Economics ( email )

Portland, OR 97204
United States

Tommy Lundgren

Umea School of Business and Economics ( email )

Biblioteksgränd 6
Umea, 901 87
Sweden

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