The economic valuation of tropical forests: its scope and limits
The economic valuation of tropical forest services improves the assessment of a country's economic performance, and provides better criteria for the choice of projects. However, economic values do not purport to capture all, or even most, of the value of forests. As a first step, the various functions, or services, performed by tropical forests should be identified, and the evidence on their physical importance assembled. Next, these services be valued using any of half a dozen economic techniques, of which the most useful are the Effect on Production, Preventive Expenditure/Replacement Cost, and Contingent Valuation. A number of empirical case studies are referred to which illustrate the scope, and pitfalls, of this kind of analysis. The results of such exercises need to recognize the robustness (or not) of the underlyng physical data, and should not overtep the limits of plausibility. A pragmatic approach is recommended.
| Main Authors: | , , , |
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| Format: | biblioteca |
| Published: |
Oxford (Ru)
1992
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| Subjects: | ANALISIS ECONOMICO, BOSQUE TROPICAL, |
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