Steven J. Dundas

Are There Efficiency Gains from the Removal of Natural Resource Export Restrictions? Evidence from British Columbia

Log export bans (LEBs) are a popular development tool utilised by developing nations with sizable endowments of timber; however, the actual impact of these policies is debatable. British Columbia has a developed forestry sector and still maintains a LEB. This trade restriction continually creates conflicts with Canadas international trade partners, including the United States. This paper examines the efficiency implications of a hypothetical removal of roundwood export restrictions in British Columbia using roundwood price and quantity data from 1995 to 2008. A time‐series econometric approach is utilised to determine supply and demand elasticities for British Columbias roundwood. Empirical results from a vector error correction model suggest that a removal of export restrictions will generate an overall increase of approximately

Recreation Costs of Endangered Species Protection: Evidence from Cape Hatteras National Seashore

347.91 million US dollars per year to British Columbias forest economy.

Cost-effective conservation planning: lessons from economics.

Management of public lands often involves competing uses and difficult tradeoffs. In this article, we examine the impact of an economically important, policy-relevant public land management regulation designed to protect coastal biodiversity. We focus our attention on the land use conflict at Cape Hatteras National Seashore between off-road vehicle (ORV) access and nesting habitat protection for a number of endangered species. We combine site choice and participation data to estimate a repeated discrete choice model of recreational angler behavior in response to time-varying access restrictions. Our results suggest the economic costs of this policy are relatively modest, ranging from

Prioritizing payment for environmental services: Using nonmarket benefits and costs for optimal selection

403,000 to

The effect of spatial interdependencies on prioritization and payments for environmental services

2.07 million annually. Our results provide general support for the National Park Service’s recently implemented ORV management plan, as an upper bound of recreation costs is likely less than conservative estimates of the benefits associated with endangered species protection.