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Estimating the Benefits of Great Lakes Restoration Jennifer Read Assistant Director and Research Coordinator Lynn Vaccaro Coastal Research Specialist
 
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Great Lakes Regional Collaboration Strategy (December 2005) Expected costs: $26 billion
[object Object],Great Lakes Regional Collaboration Restoration Strategy Team of Natural Scientists Predict Likely Ecosystem Changes Team of Economists Predict Economic Benefits
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Many Types of Benefits
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Riparian, Wetland and Coastal Restoration  
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Benefits of Sport Fish Abundance
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Sewer upgrades, Non-point source controls  
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Water Quality Benefits
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],AOC Clean-up, Toxic pollution controls  
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Benefits of Remediating Areas of Concern
Summary of Specific Economic Benefits Affected Value Present Value Benefit Improved catch rates for anglers $1.1  – 5.8 billion Maintenance of sport fishery wages and profits $100  – 200 million Lower water treatment costs $50  – 125 million More swimming $2  – 3 billion More swimming and improved enjoyment $2.5 billion Improved birding $100  – 200 million Improved waterfowl hunting $7  – 100 million Benefits for basin residents $12 – 19 billion Total Quantified Specific Benefits $18 – 31 billion Aggregate Long-run Benefits $29 – 41 billion Short Term Multiplier Effects $30 – 50 billion
GLRC Strategy Return on Investment = $80 – 100 Billion in Benefits +
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Take Home Lessons – DIY Economic Analyses
Jennifer Read [email_address] www.miseagrant.umich.edu/economy America’s North Coast: A Benefit-Cost Analysis of a Program to Protect and Restore the Great Lakes John C. Austin, Non-resident Senior Fellow, Brookings Soren Anderson, Assistant Professor, MSU Paul N. Courant, Dean of Libraries, U-M Robert E. Litan, Senior Fellow, Brookings

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Economic Impact Studies: Practical Tips & Examples - Jen Read

  • 1. Estimating the Benefits of Great Lakes Restoration Jennifer Read Assistant Director and Research Coordinator Lynn Vaccaro Coastal Research Specialist
  • 2.  
  • 3.
  • 4.
  • 5.
  • 6.
  • 7.
  • 8.
  • 9.
  • 10.
  • 11.
  • 12. Summary of Specific Economic Benefits Affected Value Present Value Benefit Improved catch rates for anglers $1.1 – 5.8 billion Maintenance of sport fishery wages and profits $100 – 200 million Lower water treatment costs $50 – 125 million More swimming $2 – 3 billion More swimming and improved enjoyment $2.5 billion Improved birding $100 – 200 million Improved waterfowl hunting $7 – 100 million Benefits for basin residents $12 – 19 billion Total Quantified Specific Benefits $18 – 31 billion Aggregate Long-run Benefits $29 – 41 billion Short Term Multiplier Effects $30 – 50 billion
  • 13. GLRC Strategy Return on Investment = $80 – 100 Billion in Benefits +
  • 14.
  • 15. Jennifer Read [email_address] www.miseagrant.umich.edu/economy America’s North Coast: A Benefit-Cost Analysis of a Program to Protect and Restore the Great Lakes John C. Austin, Non-resident Senior Fellow, Brookings Soren Anderson, Assistant Professor, MSU Paul N. Courant, Dean of Libraries, U-M Robert E. Litan, Senior Fellow, Brookings

Hinweis der Redaktion

  1. Cooperative program between um, msu, and noaa Extension through msu Communication and education through um Research through competitive grants program to all michigan universities
  2. Michigan Sea Grant Program Review, April 15, 2010
  3. Short-run multiplier effects for federal spending Applies to all federal spending in region $1 of spending results in $1.5 to 2.5 of additional spending Labor intensive activities, such as sewer repair, will generate more local employment benefits. Michigan Sea Grant Program Review, April 15, 2010
  4. Michigan Sea Grant Program Review, April 15, 2010
  5. Restoration of coastal wetlands  More Fish Avoid Expected declines due to invasive species and habitat loss. Assumptions make a big difference Time period used – benefits over 20 years? Discount used Conservative or upper estimates used for ecological and economic outcomes. Michigan Sea Grant Program Review, April 15, 2010
  6. Michigan Sea Grant Program Review, April 15, 2010
  7. Management strategies in GLRC were intended to reduce sedimentation by 40% Strategies include Ag, urban and stormwater BMPs, wetland and riparian restoration Michigan Sea Grant Program Review, April 15, 2010
  8. Michigan Sea Grant Program Review, April 15, 2010
  9. Removing and remediating contaminated sediments will reduce real and perceived health risks associated with living near an Area of Concern. Michigan Sea Grant Program Review, April 15, 2010
  10. Long term gains = specific quantified benefits (fishing, water treatment) + unquantified benefits Short term gains = multiplier effect associated with any federal investment in the region Michigan Sea Grant Program Review, April 15, 2010