An estimate of the potential economic impact of pine pitch canker in Australia
Date
2008
Authors
Cook, David
Matheson, A.C.
Journal Title
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Volume Title
Publisher
Institute of Foresters of Australia
Abstract
This paper estimates the economic benefits Australian pine plantations can expect to enjoy if the pine pitch canker fungus can be prevented from entering the country at any time over the next 30 years. It presents a stochastic bioeconomic model that estimates the additional costs imposed by producer behavioural changes as the pathogen enters the country and begins to spread. The avoidance of these large cost and revenue effects can be interpreted as the benefits of exclusion. Our results indicate that delaying the process of entry and spread by as little as two to three years will produce economic benefits of almost $13 million over time.
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Keywords
Keywords: Economics; Estimation; Stochastic models; Additional costs; Australia; Behavioural changes; Bioeconomic models; Economic benefits; Economic impacts; Pine plantations; Pitch canker; Cost benefit analysis; Fungi; Radiata Disease models; Disease prevention; Estimated costs; Pine pitch canker; Plant protection; Radiata pine; Risk assessment
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Source
Australian Forestry
Type
Journal article
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Restricted until
2037-12-31
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