IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v11y2019i12p3477-d242653.html
   My bibliography  Save this article

Forest Investment Framework as a Support Tool for the Sustainable Management of Planted Forests

Author

Listed:
  • Richard Yao

    (Scion (New Zealand Forest Research Institute Ltd.), Private Bag 3020, Rotorua 3046, New Zealand)

  • David Palmer

    (Scion (New Zealand Forest Research Institute Ltd.), Private Bag 3020, Rotorua 3046, New Zealand)

  • Barbara Hock

    (Candleford, P.O. Box 7365, Rotorua 3042, New Zealand)

  • Duncan Harrison

    (Sector Partnerships and Programmes, Ministry for Primary Industries, Gisborne 4010, New Zealand)

  • Tim Payn

    (Scion (New Zealand Forest Research Institute Ltd.), Private Bag 3020, Rotorua 3046, New Zealand
    Toi Ohomai Institute of Technology, Private Bag 3028, Rotorua 3046, New Zealand)

  • Juan Monge

    (Scion (New Zealand Forest Research Institute Ltd.), Private Bag 3020, Rotorua 3046, New Zealand)

Abstract

Planted forest ecosystems provide a wide range of goods and services such as timber, carbon sequestration, and avoided erosion. However, only ecosystem services with market values (e.g., timber) are usually represented in decision making while those with non-market values (e.g., avoided erosion) that are difficult to quantify are often ignored. A spatial economic tool, the Forest Investment Framework (FIF), integrates data from forest growth models with spatial, biophysical, and economic data, to quantify the broader value of planted forests and to represent non-market values in sustainable forest management. In this paper, we have tested the applicability of FIF in three types of case studies: assessment of afforestation feasibility, regional economic analyses, and ecosystem service assessment. This study provides evidence that a spatial economic tool that quantifies the economic, environmental, and social values of the planted forest ecosystem is valuable in informing land management decisions for maintaining and enhancing the provision of market and non-market ecosystem services to society.

Suggested Citation

  • Richard Yao & David Palmer & Barbara Hock & Duncan Harrison & Tim Payn & Juan Monge, 2019. "Forest Investment Framework as a Support Tool for the Sustainable Management of Planted Forests," Sustainability, MDPI, vol. 11(12), pages 1-22, June.
    • Handle: RePEc:gam:jsusta:v:11:y:2019:i:12:p:3477-:d:242653
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/11/12/3477/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/11/12/3477/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Czajkowski, Mikolaj & Buszko-Briggs, Malgorzata & Hanley, Nick, 2009. "Valuing changes in forest biodiversity," Ecological Economics, Elsevier, vol. 68(12), pages 2910-2917, October.
    2. Vesely, Eva-Terezia, 2007. "Green for green: The perceived value of a quantitative change in the urban tree estate of New Zealand," Ecological Economics, Elsevier, vol. 63(2-3), pages 605-615, August.
    3. Richard Yao & Riccardo Scarpa & John Rose & James Turner, 2015. "Experimental Design Criteria and Their Behavioural Efficiency: An Evaluation in the Field," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 62(3), pages 433-455, November.
    4. Jeffrey R. Vincent & Ismariah Ahmad & Norliyana Adnan & Walter B. Burwell & Subhrendu K. Pattanayak & Jie-Sheng Tan-Soo & Kyle Thomas, 2016. "Valuing Water Purification by Forests: An Analysis of Malaysian Panel Data," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 64(1), pages 59-80, May.
    5. Monge, Juan J. & Daigneault, Adam J. & Dowling, Leslie J. & Harrison, Duncan R. & Awatere, Shaun & Ausseil, Anne-Gaelle, 2018. "Implications of future climatic uncertainty on payments for forest ecosystem services: The case of the East Coast of New Zealand," Ecosystem Services, Elsevier, vol. 33(PB), pages 199-212.
    6. Scarpa, Riccardo & Chilton, Susan M. & Hutchinson, W. George & Buongiorno, Joseph, 2000. "Valuing the recreational benefits from the creation of nature reserves in Irish forests," Ecological Economics, Elsevier, vol. 33(2), pages 237-250, May.
    7. van den Belt, Marjan & Blake, Daniella, 2014. "Ecosystem services in new Zealand agro-ecosystems: A literature review," Ecosystem Services, Elsevier, vol. 9(C), pages 115-132.
    8. Abildtrup, Jens & Garcia, Serge & Stenger, Anne, 2013. "The effect of forest land use on the cost of drinking water supply: A spatial econometric analysis," Ecological Economics, Elsevier, vol. 92(C), pages 126-136.
    9. Alejandro Caparrós & José L. Oviedo & Alejandro Álvarez & Pablo Campos, 2015. "Simulated exchange values and ecosystem accounting," Working Papers 1512, Instituto de Políticas y Bienes Públicos (IPP), CSIC.
    10. Edwards, David & Jay, Marion & Jensen, Frank S. & Lucas, Beatriz & Marzano, Mariella & Montagné, Claire & Peace, Andrew & Weiss, Gerhard, 2012. "Public preferences for structural attributes of forests: Towards a pan-European perspective," Forest Policy and Economics, Elsevier, vol. 19(C), pages 12-19.
    11. Pattanayak, Subhrendu K. & Kramer, Randall A., 2001. "Worth of watersheds: a producer surplus approach for valuing drought mitigation in Eastern Indonesia," Environment and Development Economics, Cambridge University Press, vol. 6(1), pages 123-146, February.
    12. Antara Sen & Amii Harwood & Ian Bateman & Paul Munday & Andrew Crowe & Luke Brander & Jibonayan Raychaudhuri & Andrew Lovett & Jo Foden & Allan Provins, 2014. "Economic Assessment of the Recreational Value of Ecosystems: Methodological Development and National and Local Application," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 57(2), pages 233-249, February.
    13. Adams, Thomas & Turner, James A., 2012. "An investigation into the effects of an emissions trading scheme on forest management and land use in New Zealand," Forest Policy and Economics, Elsevier, vol. 15(C), pages 78-90.
    14. Termansen, Mette & McClean, Colin J. & Jensen, Frank Søndergaard, 2013. "Modelling and mapping spatial heterogeneity in forest recreation services," Ecological Economics, Elsevier, vol. 92(C), pages 48-57.
    15. Bagstad, Kenneth J. & Semmens, Darius J. & Waage, Sissel & Winthrop, Robert, 2013. "A comparative assessment of decision-support tools for ecosystem services quantification and valuation," Ecosystem Services, Elsevier, vol. 5(C), pages 27-39.
    16. Bruce R. Manley & John A. Threadgill, 1991. "LP Used for Valuation and Planning of New Zealand Plantation Forests," Interfaces, INFORMS, vol. 21(6), pages 66-79, December.
    17. Verkerk, P.J. & Mavsar, R. & Giergiczny, M. & Lindner, M. & Edwards, D. & Schelhaas, M.J., 2014. "Assessing impacts of intensified biomass production and biodiversity protection on ecosystem services provided by European forests," Ecosystem Services, Elsevier, vol. 9(C), pages 155-165.
    18. David J. Pannell, 2009. "Technology change as a policy response to promote changes in land management for environmental benefits," Agricultural Economics, International Association of Agricultural Economists, vol. 40(1), pages 95-102, January.
    19. Caparrós, Alejandro & Oviedo, José L. & Álvarez, Alejandro & Campos, Pablo, 2017. "Simulated exchange values and ecosystem accounting: Theory and application to free access recreation," Ecological Economics, Elsevier, vol. 139(C), pages 140-149.
    20. Tammi, Ilpo & Mustajärvi, Kaisa & Rasinmäki, Jussi, 2017. "Integrating spatial valuation of ecosystem services into regional planning and development," Ecosystem Services, Elsevier, vol. 26(PB), pages 329-344.
    21. Yao, Richard T. & Harrison, Duncan R. & Velarde, Sandra J. & Barry, Luke E., 2016. "Validation and enhancement of a spatial economic tool for assessing ecosystem services provided by planted forests," Forest Policy and Economics, Elsevier, vol. 72(C), pages 122-131.
    22. Yao, Richard T. & Scarpa, Riccardo & Harrison, Duncan R. & Burns, Rhys J., 2019. "Does the economic benefit of biodiversity enhancement exceed the cost of conservation in planted forests?," Ecosystem Services, Elsevier, vol. 38(C), pages 1-1.
    23. Yao, Richard T. & Scarpa, Riccardo & Turner, James A. & Barnard, Tim D. & Rose, John M. & Palma, João H.N. & Harrison, Duncan R., 2014. "Valuing biodiversity enhancement in New Zealand's planted forests: Socioeconomic and spatial determinants of willingness-to-pay," Ecological Economics, Elsevier, vol. 98(C), pages 90-101.
    24. Baerenklau, Kenneth A. & González-Cabán, Armando & Paez, Catrina & Chavez, Edgar, 2010. "Spatial allocation of forest recreation value," Journal of Forest Economics, Elsevier, vol. 16(2), pages 113-126, April.
    25. Christie, Michael & Hanley, Nick & Hynes, Stephen, 2007. "Valuing enhancements to forest recreation using choice experiment and contingent behaviour methods," Journal of Forest Economics, Elsevier, vol. 13(2-3), pages 75-102, August.
    26. Ninan, K.N. & Inoue, Makoto, 2013. "Valuing forest ecosystem services: Case study of a forest reserve in Japan," Ecosystem Services, Elsevier, vol. 5(C), pages 78-87.
    27. Koellner, Thomas & Sell, Joachim & Navarro, Guillermo, 2010. "Why and how much are firms willing to invest in ecosystem services from tropical forests? A comparison of international and Costa Rican firms," Ecological Economics, Elsevier, vol. 69(11), pages 2127-2139, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Suckling, Ian D. & de Miguel Mercader, Ferran & Monge, Juan J. & Wakelin, Steve J. & Hall, Peter W. & Bennett, Paul J. & Höck, Barbara & Samsatli, Nouri J. & Samsatli, Sheila & Fahmy, Muthasim, 2022. "Best options for large-scale production of liquid biofuels by value chain modelling: A New Zealand case study," Applied Energy, Elsevier, vol. 323(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Agimass, Fitalew & Lundhede, Thomas & Panduro, Toke Emil & Jacobsen, Jette Bredahl, 2018. "The choice of forest site for recreation: A revealed preference analysis using spatial data," Ecosystem Services, Elsevier, vol. 31(PC), pages 445-454.
    2. Léa Tardieu & Laetitia Tufféry, 2019. "From supply to demand factors : what are the determinants of attractiveness for outdoor recreation?," Post-Print hal-02883545, HAL.
    3. West, Thales A.P. & Monge, Juan J. & Dowling, Les J. & Wakelin, Steve J. & Gibbs, Holly K., 2020. "Promotion of afforestation in New Zealand’s marginal agricultural lands through payments for environmental services," Ecosystem Services, Elsevier, vol. 46(C).
    4. Tardieu, Léa & Tuffery, Laëtitia, 2019. "From supply to demand factors: What are the determinants of attractiveness for outdoor recreation?," Ecological Economics, Elsevier, vol. 161(C), pages 163-175.
    5. Filyushkina, Anna & Agimass, Fitalew & Lundhede, Thomas & Strange, Niels & Jacobsen, Jette Bredahl, 2017. "Preferences for variation in forest characteristics: Does diversity between stands matter?," Ecological Economics, Elsevier, vol. 140(C), pages 22-29.
    6. Czajkowski, Mikołaj & Bartczak, Anna & Giergiczny, Marek & Navrud, Stale & Żylicz, Tomasz, 2014. "Providing preference-based support for forest ecosystem service management," Forest Policy and Economics, Elsevier, vol. 39(C), pages 1-12.
    7. Léa Tardieu, 2017. "The need for integrated spatial assessments in ecosystem service mapping," Review of Agricultural, Food and Environmental Studies, Springer, vol. 98(3), pages 173-200, December.
    8. Grammatikopoulou, Ioanna & Vačkářová, Davina, 2021. "The value of forest ecosystem services: A meta-analysis at the European scale and application to national ecosystem accounting," Ecosystem Services, Elsevier, vol. 48(C).
    9. Klaus Glenk & Robert J. Johnston & Jürgen Meyerhoff & Julian Sagebiel, 2020. "Spatial Dimensions of Stated Preference Valuation in Environmental and Resource Economics: Methods, Trends and Challenges," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 75(2), pages 215-242, February.
    10. Wai Soe Zin & Aya Suzuki & Kelvin S.-H. Peh & Alexandros Gasparatos, 2019. "Economic Value of Cultural Ecosystem Services from Recreation in Popa Mountain National Park, Myanmar: A Comparison of Two Rapid Valuation Techniques," Land, MDPI, vol. 8(12), pages 1-20, December.
    11. Edward B. Barbier & Angela Cindy Emefa Mensah & Michelan Wilson, 2023. "Valuing the Environment as Input, Ecosystem Services and Developing Countries," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 84(3), pages 677-694, March.
    12. Boncinelli, Fabio & Riccioli, Francesco & Marone, Enrico, 2015. "Do forests help to keep my body mass index low?," Forest Policy and Economics, Elsevier, vol. 54(C), pages 11-17.
    13. Pelletier, Marie-Chantale & Heagney, Elizabeth & Kovač, Mladen, 2021. "Valuing recreational services: A review of methods with application to New South Wales National Parks," Ecosystem Services, Elsevier, vol. 50(C).
    14. Jens Abildtrup & Anne Stenger, 2022. "Report on valuation methods," Working Papers hal-04068881, HAL.
    15. Matthew Oliver Ralp Dimal & Victor Jetten, 2020. "Analyzing preference heterogeneity for soil amenity improvements using discrete choice experiment," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 22(2), pages 1323-1351, February.
    16. Giergiczny, Marek & Czajkowski, Mikołaj & Żylicz, Tomasz & Angelstam, Per, 2015. "Choice experiment assessment of public preferences for forest structural attributes," Ecological Economics, Elsevier, vol. 119(C), pages 8-23.
    17. Weller, Priska & Elsasser, Peter, 2018. "Preferences for forest structural attributes in Germany – Evidence from a choice experiment," Forest Policy and Economics, Elsevier, vol. 93(C), pages 1-9.
    18. Stephen B. Stewart & Anthony P. O’Grady & Daniel S. Mendham & Greg S. Smith & Philip J. Smethurst, 2022. "Digital Tools for Quantifying the Natural Capital Benefits of Agroforestry: A Review," Land, MDPI, vol. 11(10), pages 1-32, September.
    19. Day, Brett & Bateman, Ian & Binner, Amy & Ferrini, Silvia & Fezzi, Carlo, 2019. "Structurally-consistent estimation of use and nonuse values for landscape-wide environmental change," Journal of Environmental Economics and Management, Elsevier, vol. 98(C).
    20. Nielsen, Anne Sofie Elberg & Lundhede, Thomas Hedemark & Jacobsen, Jette Bredahl, 2016. "Local consequences of national policies - A spatial analysis of preferences for forest access reduction," Forest Policy and Economics, Elsevier, vol. 73(C), pages 68-77.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:11:y:2019:i:12:p:3477-:d:242653. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.