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A method for the economic valuation of non-timber tropical forest products
Journal article   Peer reviewed

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

R. Godoy, R. Lubowski and A. Markandya
Economic Botany, Vol.47(3), pp.220-233
1993

Abstract

economic valuation methods non-timber forest products sus-ainability tropical forests
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.

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