Publication
 

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

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.

Authors: 
R Godoy, R Lubowski, & A Markandya
Journal: 
Economic Botany
Year: 
1993
Volume: 
47
Issue: 
3
Pages: 
220-233
DOI: 
10.1007/BF02862288