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Economic Valuation of the Coral Reefs of Hawai'i

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Title:Economic Valuation of the Coral Reefs of Hawai'i
Authors:Cesar, Herman S.J.
van Beukering, Pieter J.H.
Date Issued:Apr 2004
Publisher:University of Hawai'i Press
Citation:Cesar HSJ, van Beukering PJH. 2004. Economic valuation of the coral reefs of Hawai'i. Pac Sci 58(2): 231-242.
Abstract:Hawai'i's coral reef ecosystems provide many goods and services to
coastal populations, such as fisheries and tourism. They also form a unique
natural ecosystem, with an important biodiversity value as well as scientific and
educational value. Also, coral reefs form a natural protection against wave erosion.
Without even attempting to measure their intrinsic value, this paper shows
that coral reefs, if properly managed, contribute enormously to the welfare of
Hawai'i through a variety of quantifiable benefits. Net benefits are estimated at
$360 million a year for Hawai'i's economy, and the overall asset value of the
state of Hawai'i's 1660 km2 (410,000 acres) of potential reef area in the main
Hawaiian Islands is estimated at nearly $10 billion.
Appears in Collections: Pacific Science Volume 58, Number 2, 2004

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