Economic valuation of forest resources: current status and the way forward
Forests resources contribute significantly to the socio-economic development of the country in the last few decades in terms of ecology, environment, social and economic functions. The majority of forest resources, especially its ecological and environmental functions have no market price and the...
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| Format: | Conference or Workshop Item |
| Language: | English |
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Jabatan Perhutanan Semenanjung Malaysia
2010
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| Online Access: | http://psasir.upm.edu.my/id/eprint/33795/1/33795.pdf |
| Summary: | Forests resources contribute significantly to the socio-economic development of the country
in the last few decades in terms of ecology, environment, social and economic functions.
The majority of forest resources, especially its ecological and environmental functions
have no market price and they have been largely ignored in the decision making process
or given low priority when the forest land is to be converted to other uses. As such, the
policy makers tend to put high priority for other land use options compared to that of forest
conservation or protection. Economic valuation.of forest resources have been undertaken
by many researchers ranging from simple to complex methodological approach. The studies
also cover wide range of goods and services under different forest ecosystems. The results
of previous studies are very useful in formulating the policy and legal framework towards
developing a comprehensive forest resource accounting in Malaysia. This paper attempts
to provide a comprehensive overview of previous studies on economic valuation of forest
goods and services in Malaysia and identify gaps that could be used as a framework in
formulating strategic direction for future studies. Future research direction is important in
providing inputs in managing forest areas for long term social benefits.
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