Economics of Non-Timber Forest Benefits: An overview, The

Reports/papers (non-specific)
, 31 pages
PDF (60.8 KB)
8102IIED.pdf
Language:
English
Published: January 1999
Env Economics Gatekeeper Series
ISBN: 9781904035701
Product code:8102IIED

This paper, based on research carried out under the collaborative research programme Conservation, Management and Development of Forest Resources, provides an overview of the economics of non-timber forest products and services. It focuses on recent advances in the economic evaluation of forestry activities and, in particular, on how techniques for valuing non-timber forest benefits in monetary terms can assist the development of forest policy and management systems. It first considers the non-market nature of many non-timber forest benefits, and the reasons why markets often fail to account for them. The paper then reviews the different techniques used to evaluate non-market benefits in monetary terms, and explores the long-term dynamics of forest value. It concludes with a brief discussion of how the results of valuation studies can contribute to improved forest policy and management.

Cite this publication

Bishop, J. (1999). Economics of Non-Timber Forest Benefits: An overview, The. .
Available at https://www.iied.org/8102iied