Neither Boon nor Bane: The Economic Effects of a Landscape-Scale National Monument

The designation of landscape-scale national monuments has generated intense debate as to whether their regional economic effects are positive or negative. National monuments can restrict land uses, thus favoring economic development based on the low-wage tourism industry relative to higher-wage extr...

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Veröffentlicht in:Land economics 2018-08, Vol.94 (3), p.323-339
Hauptverfasser: Jakus, Paul M., Akhundjanov, Sherzod B.
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Akhundjanov, Sherzod B.
description The designation of landscape-scale national monuments has generated intense debate as to whether their regional economic effects are positive or negative. National monuments can restrict land uses, thus favoring economic development based on the low-wage tourism industry relative to higher-wage extractive industries. Utah’s Grand Staircase–Escalante National Monument has been managed for landscape-scale conservation while protecting existing valid uses. We assess postdesignation trends in the ranching, mining, and tourism industries, after which pre- and postdesignation paths of per capita income are examined using difference-in-differences and synthetic control methods. We conclude that monument designation had no effect on regional per capita income.
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source Jstor Complete Legacy; PAIS Index; EBSCOhost Business Source Complete
subjects Conservation
Control methods
Economic development
Economic impact
Economics
Income
Land use
Landscape
Landscaping
Memorials & monuments
Mining
Monuments
National monuments
Regional development
Regions
Tourism
title Neither Boon nor Bane: The Economic Effects of a Landscape-Scale National Monument
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