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An environmental accounting approach to valuing the services of natural forests and woodlands in Swaziland

Author

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  • Ngwenya, P.
  • Hassan, Rashid M.

Abstract

Economists and statisticians constructing the national income accounts usually overlook the many benefits derived by communities from natural forests and woodlands. This study attempted to impute a value for the ecosystem services of these resources in Swaziland employing an environmental accounting framework. The current measure of national income was found to underestimate GDP by 2% and under value national savings by 10% by not accounting for the flow and asset values of natural forests and woodlands. The study also revealed a very high dependence of the rural communities in Swaziland on natural forests and woodlands for their livelihoods as they derive more than 50% of the value of total household consumption expenditure from these resources. These results clearly indicate the significant contribution to and crucial role these resources play in the lives and wellbeing of the Swazi people and hence the importance of prudent management and utilisation of this resource sector.

Suggested Citation

  • Ngwenya, P. & Hassan, Rashid M., 2005. "An environmental accounting approach to valuing the services of natural forests and woodlands in Swaziland," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 44(2), June.
  • Handle: RePEc:ags:agreko:31695
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    File URL: http://purl.umn.edu/31695
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    References listed on IDEAS

    as
    1. Nyborg, Karine, 2000. "Project analysis as input to public debate: Environmental valuation versus physical unit indicators," Ecological Economics, Elsevier, vol. 34(3), pages 393-408, September.
    2. Motta, Ronaldo Seroa Da & Amaral, Claudio A. Ferraz Do, 2000. "Estimating timber depreciation in the Brazilian Amazon," Environment and Development Economics, Cambridge University Press, vol. 5(01), pages 129-142, February.
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    Cited by:

    1. Wisdom Dlamini, 2009. "Lightning fatalities in Swaziland: 2000–2007," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 50(1), pages 179-191, July.
    2. Shackleton, C.M. & Timmermans, H.G. & Nongwe, N. & Hamer, N. & Palmer, N. & Palmer, R., 2007. "Direct-use Values of Non-Timber Forest Products from Two Areas on the Transkei Wild Coast," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 46(1), March.

    More about this item

    Keywords

    Environmental Economics and Policy;

    Statistics

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