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Spatial Valuation of forests’ environmental assets: an application to andalusian silvopastoral farms

Author

Listed:
  • Paola Ovando
  • Alejandro Caparros
  • Luis Díaz-Balteiro
  • María Pasalodos
  • Santiago Beguería
  • José L. Oviedo
  • Gregorio Montero
  • Pablo Campos

Abstract

We develop a model that estimates spatially-allocated environmental asset values for the simultaneous provision of seven ecosystem services. We examine the effect of heterogeneous spatial and economic factors on the environmental asset figures, at the same time we identify potential forestry abandonment problems when continuing with forestry activity is unprofitable for the landowner. Our results show a relevant spatial variability that depends on heterogeneous biophysical factors, such as forest species distribution and structure. We examine the likely trade-offs between forestry provisioning services, water and carbon sequestration services. The results also point towards the significant effect of economic assumptions about discount rates and prices on environmental asset values and the prediction of the forestry activity abandonment.

Suggested Citation

  • Paola Ovando & Alejandro Caparros & Luis Díaz-Balteiro & María Pasalodos & Santiago Beguería & José L. Oviedo & Gregorio Montero & Pablo Campos, 2015. "Spatial Valuation of forests’ environmental assets: an application to andalusian silvopastoral farms," Working Papers 1505, Instituto de Políticas y Bienes Públicos (IPP), CSIC.
    • Handle: RePEc:ipp:wpaper:1505
    as

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    References listed on IDEAS

    as
    1. Brent Sohngen & Robert Mendelsohn, 2003. "An Optimal Control Model of Forest Carbon Sequestration," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 85(2), pages 448-457.
    2. Gassman, Philip W. & Reyes, Manuel R. & Green, Colleen H. & Arnold, Jeffrey G., 2007. "The Soil and Water Assessment Tool: Historical Development, Applications, and Future Research Directions," ISU General Staff Papers 200701010800001027, Iowa State University, Department of Economics.
    3. Carl Obst & Michael Vardon, 2014. "Recording environmental assets in the national accounts," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 30(1), pages 126-144.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    ecosystem services; natural capital; forest conservation; silvicultural models; Mediterranean forest;
    All these keywords.

    JEL classification:

    • Q23 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Forestry
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics

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