A method for the economic valuation of non-timber tropical forest products

R Godoy, R Lubowski, A Markandya - Economic botany, 1993 - Springer
R Godoy, R Lubowski, A Markandya
Economic botany, 1993Springer
By drawing on quantitative studies in social anthropology, zoology, ethnobotany, and
economics we present a method for conducting an economic valuation of non-timber forest
products. A review of 24 studies suggests that the median value for non-timber forest
products is about $50/ha/year. We discuss problems with past studies and suggest ways to
get better estimates of output quantities, marginal costs, and prices.
Abstract
By drawing on quantitative studies in social anthropology, zoology, ethnobotany, and economics we present a method for conducting an economic valuation of non-timber forest products. A review of 24 studies suggests that the median value for non-timber forest products is about $50/ha/year. We discuss problems with past studies and suggest ways to get better estimates of output quantities, marginal costs, and prices.
Springer