Abstract

This paper provides a brief look at the state of the art of use of economics in the designation and management of protected areas in Australia. To date, the formal use of economic analysis in making decisions concerning protected areas has been limited and ad hoc. This is illustrated for two of Australia's premier protected areas, the Great Barrier Reef Marine Park and the Wet Tropics World Heritage Area. It is argued that economic analysis can play a part in making policy on allocation of land to protected areas, and in the management of such areas. Based on experience to date, suggestions are offered for the future use of ecological economics in allocating and managing protected areas.

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