IDEAS home Printed from https://ideas.repec.org/a/taf/teepxx/v4y2015i2p129-140.html
   My bibliography  Save this article

Value and valuation of forest ecosystem services

Author

Listed:
  • Daowei Zhang
  • Anne Stenger

Abstract

In this paper, we first present a total forest economic value framework from an anthropocentric instrumental value perspective and differentiate gross value, economic value, market value, and valuation of forest ecosystem services. We then argue that some of the demand-side-based non-market valuation approaches only provide an estimate of gross value, not economic value. Thus, strictly speaking, they are not market valuation per se as the supply side is ignored, and as many non-marketable and non-extractive forest ecosystem services are concerned, it is often the supply side - the opportunity costs of resources used to produce them that determine the economic values of these services. Finally, we identify the role of economic valuation of forest ecosystem services in the political market that often allocates resources directly to produce these services.

Suggested Citation

  • Daowei Zhang & Anne Stenger, 2015. "Value and valuation of forest ecosystem services," Journal of Environmental Economics and Policy, Taylor & Francis Journals, vol. 4(2), pages 129-140, July.
    • Handle: RePEc:taf:teepxx:v:4:y:2015:i:2:p:129-140
    DOI: 10.1080/21606544.2014.980852
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/21606544.2014.980852
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/21606544.2014.980852?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Anil Markandya & Patrice Harou & Lorenzo G. Bellù & Vito Cistulli, 2002. "Environmental Economics for Sustainable Growth," Books, Edward Elgar Publishing, number 2001.
    Full references (including those not matched with items on IDEAS)

    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. Stenger, Anne & Harou, Patrice & Navrud, Ståle, 2009. "Valuing environmental goods and services derived from the forests," Journal of Forest Economics, Elsevier, vol. 15(1-2), pages 1-14, January.
    2. H. Von Blottnitz & A. Rabl & D. Boiadjiev & T. Taylor & S. Arnold, 2006. "Damage costs of nitrogen fertilizer in Europe and their internalization," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 49(3), pages 413-433.
    3. Mehmet Nar, 2021. "The Role of Carbon Taxes in Reducing Greenhouse Gas Emissions," International Journal of Energy Economics and Policy, Econjournals, vol. 11(1), pages 117-125.
    4. Lelia Croitoru & Juan José Miranda & Maria Sarraf, 2019. "The Cost of Coastal Zone Degradation in West Africa," World Bank Publications - Reports 31428, The World Bank Group.
    5. Harou, Patrice A. & Zheng, Chinlong & Zhang, Daowei, 2013. "The Alternative Test in forestry," Forest Policy and Economics, Elsevier, vol. 34(C), pages 41-46.
    6. Ekin Birol & Phoebe Koundouri & Yiannis Kountouris, 2008. "Using Economic Valuation Techniques to Inform Water Resources Management in the Southern European, Mediterranean and Developing Countries: A Survey and Critical Appraisal of Available Techniques," DEOS Working Papers 0806, Athens University of Economics and Business.
    7. Mvangeli Dlamini, Nqobizwe, 2015. "Households' Water Use Demand and Willingness to Pay for Improved Water Services: A Case Study of Semi-Urban Areas in the Lubombo and Lowveld Regions of Swaziland," Research Theses 243464, Collaborative Masters Program in Agricultural and Applied Economics.
    8. Alam, Mohammad Masud, 2013. "A Probit Estimation of Urban Bases of Environmental Awareness: Evidence from Sylhet City, Bangladesh," MPRA Paper 108711, University Library of Munich, Germany.
    9. Mohammad Masud Alam & AFM Zakaria, 2021. "A Probit Estimation of Urban Bases of Environmental Awareness: Evidence from Sylhet City, Bangladesh," Papers 2107.08342, arXiv.org, revised Sep 2021.
    10. Romina Cavatassi, 2004. "Valuation Methods for Environmental Benefits in Forestry and Watershed Investment Projects," Working Papers 04-01, Agricultural and Development Economics Division of the Food and Agriculture Organization of the United Nations (FAO - ESA).
    11. Franco, Daniel, 2012. "Beni comuni, beni pubblici e risorse ambientali: il ruolo dell’azione collettiva [Public goods, common goods and natural resources: the role of the collective action]," MPRA Paper 52357, University Library of Munich, Germany, revised Mar 2012.
    12. Atici, Cemal, 2012. "Carbon emissions, trade liberalization, and the Japan–ASEAN interaction: A group-wise examination," Journal of the Japanese and International Economies, Elsevier, vol. 26(1), pages 167-178.
    13. Catelo, Ma. Angeles O. & Narrod, Clare A. & Tiongco, Marites, 2008. "Structural changes in the Philippine pig industry and their environmental implications:," IFPRI discussion papers 781, International Food Policy Research Institute (IFPRI).
    14. Joshi, Janak & Ali, Mohammad & Berrens, Robert P., 2017. "Valuing farm access to irrigation in Nepal: A hedonic pricing model," Agricultural Water Management, Elsevier, vol. 181(C), pages 35-46.
    15. Dranco, Daniel & Luiselli, Luca, 2014. "How much do the common goods of rural and semi-natural landscape cost? A case study," MPRA Paper 66309, University Library of Munich, Germany, revised 2015.
    16. Abdullah, Sabah & Jeanty, P. Wilner, 2011. "Willingness to pay for renewable energy: Evidence from a contingent valuation survey in Kenya," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(6), pages 2974-2983, August.
    17. Ekin Birol & Katia Karousakis & Phoebe Koundouri, 2006. "Using economic valuation techniques to inform water resources management: A survey and critical appraisal of available techniques and an application," DEOS Working Papers 0607, Athens University of Economics and Business.
    18. Suresh Kumar, D., 2008. "Promoting drip irrigation where and why?," Conference Papers h042349, International Water Management Institute.

    More about this item

    Statistics

    Access and download statistics

    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:taf:teepxx:v:4:y:2015:i:2:p:129-140. 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: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/teep20 .

    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.