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The Economic Impacts of Aquatic Invasive Species: A Review of the Literature

Published online by Cambridge University Press:  15 September 2016

Sabrina J. Lovell ,
Susan F. Stone  and
Linda Fernandez
Sabrina J. Lovell
Affiliation:
U.S. Environmental Protection Agency in Washington, D.C.
Susan F. Stone
Affiliation:
Productivity Commission in Melbourne, Australia
Linda Fernandez
Affiliation:
Environmental and resource economics in the Department of Environmental Sciences at the University of California, Riverside

Abstract

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Invasive species are a growing threat in the United States, causing losses in biodiversity, changes in ecosystems, and impacts on economic enterprises such as agriculture, fisheries, and international trade. The costs of preventing and controlling invasive species are not well understood or documented, but estimates indicate that the costs are quite high. The costs of aquatic invasive species are even less well understood than those for terrestrial species. A systematic approach is needed to develop a consistent method to estimate the national costs of aquatic invasives. This review of the economic literature on aquatic invasive species is the first stage in the development of that estimate. We reviewed over sixty sources and include both empirical papers that present cost estimates as well as theoretical papers on preventing and mitigating the impacts of aquatic invasive species. Species-specific estimates are included for both animals and plants.

Keywords

aquatic invasive speciescostsliterature review
Type
Contributed Papers
Information
Agricultural and Resource Economics Review , Volume 35 , Issue 1 , April 2006 , pp. 195 - 208
Copyright
Copyright © 2006 Northeastern Agricultural and Resource Economics Association 

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