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Assessing the potential economic impact of invasive plant pests

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Assessing the potential economic impact of invasive plant pestsEconomic impact assessments are performed as part of a pest risk analysis to determine whether the introduction of a plant pest will result in unacceptable economic consequences. This often triggers phytosanitary measures to reduce the economic risk to an acceptable level. Appropriate techniques to assess the various economic impacts consist of partial budgeting, partial equilibrium models, input output models, and computable general equilibrium

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