IDEAS home Printed from https://ideas.repec.org/a/eee/forpol/v72y2016icp122-131.html
   My bibliography  Save this article

Validation and enhancement of a spatial economic tool for assessing ecosystem services provided by planted forests

Author

Listed:
  • Yao, Richard T.
  • Harrison, Duncan R.
  • Velarde, Sandra J.
  • Barry, Luke E.

Abstract

Planted forests provide multiple benefits to society such as timber, carbon sequestration and avoided sedimentation, which are collectively called ecosystem services. Assessing the economic viability of timber production and the value of other ecosystem services of planted forests has become increasingly important for policy and investment decisions. A spatial economic tool called the Forest Investment Framework (FIF) has been developed to enable the assessment of key ecosystem services provided by planted forests in New Zealand. The FIF has a timber viability component that has been used to assess where in New Zealand new forest establishment is viable. The framework can also estimate indicative values of carbon sequestration credits and avoided sedimentation of waterways. In this paper, FIF's timber viability component is validated using data from seven case-study forests in New Zealand. Results of the validation exercise suggest that FIF is a very good viability assessment tool because it provides very accurate estimates of costs and revenues that case-study forests actually generated. The paper also discusses the new ecosystem services that have been identified for incorporation into this framework: water quality, water yield, recreation and biodiversity conservation.

Suggested Citation

  • Yao, Richard T. & Harrison, Duncan R. & Velarde, Sandra J. & Barry, Luke E., 2016. "Validation and enhancement of a spatial economic tool for assessing ecosystem services provided by planted forests," Forest Policy and Economics, Elsevier, vol. 72(C), pages 122-131.
    • Handle: RePEc:eee:forpol:v:72:y:2016:i:c:p:122-131
    DOI: 10.1016/j.forpol.2016.06.023
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1389934116301423
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.forpol.2016.06.023?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Duhon, Madeline & Young, Justine & Kerr, Suzi, 2011. "Nitrogen Trading in Lake Taupo: An Analysis and Evaluation of an Innovative Water Management Strategy," 2011 Conference, August 25-26, 2011, Nelson, New Zealand 115353, New Zealand Agricultural and Resource Economics Society.
    2. Bartczak, Anna & Lindhjem, Henrik & Navrud, Ståle & Zandersen, Marianne & Zylicz, Tomasz, 2008. "Valuing forest recreation on the national level in a transition economy: The case of Poland," Forest Policy and Economics, Elsevier, vol. 10(7-8), pages 467-472, October.
    3. David J. Pannell, 2008. "Public Benefits, Private Benefits, and Policy Mechanism Choice for Land-Use Change for Environmental Benefits," Land Economics, University of Wisconsin Press, vol. 84(2), pages 225-240.
    4. Dominati, E. & Mackay, A. & Green, S. & Patterson, M., 2014. "A soil change-based methodology for the quantification and valuation of ecosystem services from agro-ecosystems: A case study of pastoral agriculture in New Zealand," Ecological Economics, Elsevier, vol. 100(C), pages 119-129.
    5. Loomis, John & Kent, Paula & Strange, Liz & Fausch, Kurt & Covich, Alan, 2000. "Measuring the total economic value of restoring ecosystem services in an impaired river basin: results from a contingent valuation survey," Ecological Economics, Elsevier, vol. 33(1), pages 103-117, April.
    6. Dhakal, Bhubaneswor & Yao, Richard T. & Turner, James A. & Barnard, Tim, 2012. "Recreational users' willingness to pay and preferences for changes in planted forest features," Forest Policy and Economics, Elsevier, vol. 17(C), pages 34-44.
    7. Yao, Richard & Harrison, Duncan & Barry, Luke E. & Bradley, Tom, 2013. "Assessing The Viability Of Future And Recently Established Exotic Forests In New Zealand," 2013 Conference, August 28-30, 2013, Christchurch, New Zealand 160564, New Zealand Agricultural and Resource Economics Society.
    8. Yao, Richard T. & Scarpa, Riccardo & Turner, James A. & Barnard, Tim D. & Rose, John M. & Palma, João H.N. & Harrison, Duncan R., 2014. "Valuing biodiversity enhancement in New Zealand's planted forests: Socioeconomic and spatial determinants of willingness-to-pay," Ecological Economics, Elsevier, vol. 98(C), pages 90-101.
    9. Luis Santiago & John Loomis, 2009. "Recreation benefits of natural area characteristics at the El Yunque National Forest," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 52(4), pages 535-547.
    10. Scarpa, Riccardo & Hutchinson, W. George & Chilton, Susan M. & Buongiorno, Joseph, 2000. "Importance of forest attributes in the willingness to pay for recreation: a contingent valuation study of Irish forests," Forest Policy and Economics, Elsevier, vol. 1(3-4), pages 315-329, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Stephen B. Stewart & Anthony P. O’Grady & Daniel S. Mendham & Greg S. Smith & Philip J. Smethurst, 2022. "Digital Tools for Quantifying the Natural Capital Benefits of Agroforestry: A Review," Land, MDPI, vol. 11(10), pages 1-32, September.
    2. Yao, Richard T. & Scarpa, Riccardo & Harrison, Duncan R. & Burns, Rhys J., 2019. "Does the economic benefit of biodiversity enhancement exceed the cost of conservation in planted forests?," Ecosystem Services, Elsevier, vol. 38(C), pages 1-1.
    3. Zhigang Li & Jialong Zhong & Zishu Sun & Wunian Yang, 2017. "Spatial Pattern of Carbon Sequestration and Urban Sustainability: Analysis of Land-Use and Carbon Emission in Guang’an, China," Sustainability, MDPI, vol. 9(11), pages 1-24, October.
    4. John R. Dymond & Adam J. Daigneault & Olivia R. Burge & Chris C. Tanner & Fiona E. Carswell & Suzie Greenhalgh & Anne-Gaelle E. Ausseil & Norman W. H. Mason & Beverley R. Clarkson, 2023. "Searching for Balance between Hill Country Pastoral Farming and Nature," Land, MDPI, vol. 12(8), pages 1-14, July.
    5. Richard Yao & David Palmer & Barbara Hock & Duncan Harrison & Tim Payn & Juan Monge, 2019. "Forest Investment Framework as a Support Tool for the Sustainable Management of Planted Forests," Sustainability, MDPI, vol. 11(12), pages 1-22, June.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. van den Belt, Marjan & Blake, Daniella, 2014. "Ecosystem services in new Zealand agro-ecosystems: A literature review," Ecosystem Services, Elsevier, vol. 9(C), pages 115-132.
    2. Dhakal, Bhubaneswor & Yao, Richard T. & Turner, James A. & Barnard, Tim, 2012. "Recreational users' willingness to pay and preferences for changes in planted forest features," Forest Policy and Economics, Elsevier, vol. 17(C), pages 34-44.
    3. Agimass, Fitalew & Lundhede, Thomas & Panduro, Toke Emil & Jacobsen, Jette Bredahl, 2018. "The choice of forest site for recreation: A revealed preference analysis using spatial data," Ecosystem Services, Elsevier, vol. 31(PC), pages 445-454.
    4. Oviedo, José L. & Caparrós, Alejandro & Ruiz-Gauna, Itziar & Campos, Pablo, 2016. "Testing convergent validity in choice experiments: Application to public recreation in Spanish stone pine and cork oak forests," Journal of Forest Economics, Elsevier, vol. 25(C), pages 130-148.
    5. Yao, Richard T. & Scarpa, Riccardo & Harrison, Duncan R. & Burns, Rhys J., 2019. "Does the economic benefit of biodiversity enhancement exceed the cost of conservation in planted forests?," Ecosystem Services, Elsevier, vol. 38(C), pages 1-1.
    6. Fernanda Oliveira & Pedro Pintassilgo & Patrícia Pinto & Isabel Mendes & João Albino Silva, 2017. "Segmenting visitors based on willingness to pay for recreational benefits," Tourism Economics, , vol. 23(3), pages 680-691, May.
    7. Anna Széchy & Zsuzsanna Szerényi, 2023. "Valuing the Recreational Services Provided by Hungary’s Forest Ecosystems," Sustainability, MDPI, vol. 15(5), pages 1-16, February.
    8. Baral, Himlal & Guariguata, Manuel R. & Keenan, Rodney J., 2016. "A proposed framework for assessing ecosystem goods and services from planted forests," Ecosystem Services, Elsevier, vol. 22(PB), pages 260-268.
    9. Doole, Graeme J. & Kingwell, Ross, 2015. "Efficient economic and environmental management of pastoral systems: Theory and application," Agricultural Systems, Elsevier, vol. 133(C), pages 73-84.
    10. Kelley, Hugh & van Rensburg, Thomas M. & Jeserich, Nadine, 2016. "Determinants of demand for recreational walking trails in Ireland," Tourism Management, Elsevier, vol. 52(C), pages 173-186.
    11. Valencia Torres, Angélica & Tiwari, Chetan & Atkinson, Samuel F., 2021. "Progress in ecosystem services research: A guide for scholars and practitioners," Ecosystem Services, Elsevier, vol. 49(C).
    12. Hackbart, Vivian C.S. & de Lima, Guilherme T.N.P. & dos Santos, Rozely F., 2017. "Theory and practice of water ecosystem services valuation: Where are we going?," Ecosystem Services, Elsevier, vol. 23(C), pages 218-227.
    13. Duy X. Tran & Diane Pearson & Alan Palmer & David Gray, 2020. "Developing a Landscape Design Approach for the Sustainable Land Management of Hill Country Farms in New Zealand," Land, MDPI, vol. 9(6), pages 1-29, June.
    14. Gurluk, Serkan, 2006. "The estimation of ecosystem services' value in the region of Misi Rural Development Project: Results from a contingent valuation survey," Forest Policy and Economics, Elsevier, vol. 9(3), pages 209-218, December.
    15. Boncinelli, Fabio & Riccioli, Francesco & Marone, Enrico, 2015. "Do forests help to keep my body mass index low?," Forest Policy and Economics, Elsevier, vol. 54(C), pages 11-17.
    16. Chopra, Vasudha & Das, Sukanya, 2019. "Estimating Willingness to Pay for Wastewater Treatment in New Delhi: Contingent Valuation Approach," Ecology, Economy and Society - the INSEE Journal, Indian Society of Ecological Economics (INSEE), vol. 2(02), July.
    17. Anastasio J. Villanueva & Klaus Glenk & Macario Rodríguez-Entrena, 2017. "Protest Responses and Willingness to Accept: Ecosystem Services Providers’ Preferences towards Incentive-Based Schemes," Journal of Agricultural Economics, Wiley Blackwell, vol. 68(3), pages 801-821, September.
    18. Lopez-Feldman, Alejandro, 2012. "Introduction to contingent valuation using Stata," MPRA Paper 41018, University Library of Munich, Germany.
    19. Pihel, Johan & Ode Sang, Åsa & Hagerhall, Caroline & Nyström, Marcus, 2015. "Expert and novice group differences in eye movements when assessing biodiversity of harvested forests," Forest Policy and Economics, Elsevier, vol. 56(C), pages 20-26.
    20. Cheng-Te Lin & Yu-Sheng Huang & Lu-Wen Liao & Chung-Te Ting, 2020. "Measuring Consumer Willingness to Pay to Reduce Health Risks of Contracting Dengue Fever," IJERPH, MDPI, vol. 17(5), pages 1-15, March.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:forpol:v:72:y:2016:i:c:p:122-131. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/forpol .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.