Total economic value of ecosystem services in Malaysia: a review
Southeast Asia contains the world’s third largest tropical forests, currently experiencing a high deforestation rate, thus highlighting the need for conservation efforts. The full potential of ecosystem services in tropical forests has never been completely quantified in economic or monetary terms....
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| Format: | Article |
| Language: | English |
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Penerbit Universiti Malaysia Terengganu
2019
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| Online Access: | http://psasir.upm.edu.my/id/eprint/22903/1/Total%20economic%20value%20of%20ecosystem%20services%20in%20Malaysia%20a%20review.pdf |
| _version_ | 1796970254476247040 |
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| author | Matthew, Nitanan Koshy Shuib, Ahmad Ramachandran, Sridar Mohammad Afandi, Syamsul Herman |
| author_facet | Matthew, Nitanan Koshy Shuib, Ahmad Ramachandran, Sridar Mohammad Afandi, Syamsul Herman |
| author_sort | Matthew, Nitanan Koshy |
| collection | UPM |
| description | Southeast Asia contains the world’s third largest tropical forests, currently experiencing a high deforestation rate, thus highlighting the need for conservation efforts. The full potential of ecosystem services in tropical forests has never been completely quantified in economic or monetary terms. This potential value is accessible by extraction of readily available information in both market and non-market terms. As such, an economic valuation approach is capable to estimate the full range of an ecosystem services benefits provided by a tropical forest. This paper reviews the suitable indicators pertinent to a Total Economic Value (TEV) of tropical forests to propose a conceptual framework for the TEV of Tropical Forest in Southeast Asia. The failure to impute price on ecosystems services in tropical forests would result in a misguided policy and the society would be in detrimental as a result of misallocation of resources. |
| first_indexed | 2024-03-06T07:55:19Z |
| format | Article |
| id | upm.eprints-22903 |
| institution | Universiti Putra Malaysia |
| language | English |
| last_indexed | 2024-03-06T07:55:19Z |
| publishDate | 2019 |
| publisher | Penerbit Universiti Malaysia Terengganu |
| record_format | dspace |
| spelling | upm.eprints-229032020-04-15T16:19:20Z http://psasir.upm.edu.my/id/eprint/22903/ Total economic value of ecosystem services in Malaysia: a review Matthew, Nitanan Koshy Shuib, Ahmad Ramachandran, Sridar Mohammad Afandi, Syamsul Herman Southeast Asia contains the world’s third largest tropical forests, currently experiencing a high deforestation rate, thus highlighting the need for conservation efforts. The full potential of ecosystem services in tropical forests has never been completely quantified in economic or monetary terms. This potential value is accessible by extraction of readily available information in both market and non-market terms. As such, an economic valuation approach is capable to estimate the full range of an ecosystem services benefits provided by a tropical forest. This paper reviews the suitable indicators pertinent to a Total Economic Value (TEV) of tropical forests to propose a conceptual framework for the TEV of Tropical Forest in Southeast Asia. The failure to impute price on ecosystems services in tropical forests would result in a misguided policy and the society would be in detrimental as a result of misallocation of resources. Penerbit Universiti Malaysia Terengganu 2019 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/22903/1/Total%20economic%20value%20of%20ecosystem%20services%20in%20Malaysia%20a%20review.pdf Matthew, Nitanan Koshy and Shuib, Ahmad and Ramachandran, Sridar and Mohammad Afandi, Syamsul Herman (2019) Total economic value of ecosystem services in Malaysia: a review. Journal of Sustainability Science and Management, 14 (5). pp. 148-163. ISSN 1823-8556 http://jssm.umt.edu.my/wp-content/uploads/sites/51/2019/11/TABLE-OF-CONTENTS-JSSM-14.5-October-2019-.pdf |
| spellingShingle | Matthew, Nitanan Koshy Shuib, Ahmad Ramachandran, Sridar Mohammad Afandi, Syamsul Herman Total economic value of ecosystem services in Malaysia: a review |
| title | Total economic value of ecosystem services in Malaysia: a review |
| title_full | Total economic value of ecosystem services in Malaysia: a review |
| title_fullStr | Total economic value of ecosystem services in Malaysia: a review |
| title_full_unstemmed | Total economic value of ecosystem services in Malaysia: a review |
| title_short | Total economic value of ecosystem services in Malaysia: a review |
| title_sort | total economic value of ecosystem services in malaysia a review |
| url | http://psasir.upm.edu.my/id/eprint/22903/1/Total%20economic%20value%20of%20ecosystem%20services%20in%20Malaysia%20a%20review.pdf |
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