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Combined Economic Value of the Great Lakes

    By tallying up the results from our three categories of  econimc value of the water,commercial fisheries and sport fishing, it  was found that the Great Lakes were estimated to be worth around  $3.4724771 x1  exp.15. Again this is a very rough estimate, but we  believe it shows how important this water basin is to not only Canada  and the U.S.A, but to all of North America. Not included in this  approximation is the importance of the Great Lakes to other  industries, such as shipping and energy production and their social  value, which would be almost impossible to put a price tag on (Borre,  L. et al.1996).  

Status
In progress
Type
Project
Start Date
End Date
Scope of Study
Literature / Existing Data
Theoretical
Scale of Phenomena
Landscape
Socio-Economic
Economic Impact Study
Economic Instruments Study
Valuation Study
Lake Basin Connecting Channels
Lake Erie
Lake Huron
Lake Michigan
Lake Ontario
Lake Superior
State Province
Illinois
Indiana
Michigan
Minnesota
New York
Ohio
Ontario
Pennsylvania
Quebec
Wisconsin
Purpose of Project
Program Effectiveness / Regulatory
Resource Management
Frequency
Weekly
Region Being Monitored
Coastal Wetlands
Land Use
Near and OpenShore Waters
Resource Being Monitored
Fisheries
Groundwater
Societal/Surface Water
Program Drivers
Canada - Ontario Agreement
Canada - U.S. Great Lakes Water Quality Agreement
Great Lakes Binational Toxics Strategy
Great Lakes Protection Fund
State of the Lakes Ecosystem Conference (SOLEC)
Beneficial Use Impairment Assessments
Fish Tumours or Other Deformities
General
Monitoring

The Great Lakes - St. Lawrence Research Inventory is an
interactive, Internet-based, searchable database created as a tool to collect and disseminate
up-to-date information about research projects in the
Great Lakes - St. Lawrence Region.