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Spatial Valuation of Forests’ Environmental Assets: An Application to Andalusian Silvopastoral Farms

Author

Listed:
  • Paola Ovando
  • Alejandro Caparrós
  • Luis Diaz-Balteiro
  • María Pasalodos
  • Santiago Beguería
  • Jose 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 asset figures, and identify potential forestry abandonment problems when continuing with forestry activity becomes unprofitable for the landowner. Our results show a relevant spatial variability according to forest species distribution and structure. We examine potential trade-offs among silvopastoral provisioning services, water, and carbon sequestration services. Results forecast the abandonment of forestry activity and quantify the significant impact of discount rates and prices on asset values.

Suggested Citation

  • Paola Ovando & Alejandro Caparrós & Luis Diaz-Balteiro & María Pasalodos & Santiago Beguería & Jose L. Oviedo & Gregorio Montero & Pablo Campos, 2017. "Spatial Valuation of Forests’ Environmental Assets: An Application to Andalusian Silvopastoral Farms," Land Economics, University of Wisconsin Press, vol. 93(1), pages 87-108.
    • Handle: RePEc:uwp:landec:v:93:y:2017:i:1:p:87-108
    Note: DOI: 10.3368/le.93.1.87
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    Citations

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    Cited by:

    1. Caparrós, Alejandro & Oviedo, José L. & Álvarez, Alejandro & Campos, Pablo, 2017. "Simulated exchange values and ecosystem accounting: Theory and application to free access recreation," Ecological Economics, Elsevier, vol. 139(C), pages 140-149.
    2. Ovando, Paola & Brouwer, Roy, 2019. "A review of economic approaches modeling the complex interactions between forest management and watershed services," Forest Policy and Economics, Elsevier, vol. 100(C), pages 164-176.
    3. Campos, Pablo & Álvarez, Alejandro & Mesa, Bruno & Oviedo, José L. & Ovando, Paola & Caparrós, Alejandro, 2020. "Total income and ecosystem service sustainability index: Accounting applications to holm oak dehesa case study in Andalusia-Spain," Land Use Policy, Elsevier, vol. 97(C).
    4. Pablo Campos & Alejandro Caparrós & José L. Oviedo & Paola Ovando & Begoña Álvarez-Farizo & Luis Díaz-Balteiro & Juan Carranza & Santiago Beguería & Mario Díaz & A. Casimiro Herruzo & Fernando Martíne, 2017. "Bridging the gap between national and ecosystem accounting," Working Papers 1704, Instituto de Políticas y Bienes Públicos (IPP), CSIC.
    5. Giles Atkinson & Paola Ovando, 2022. "Distributional Issues in Natural Capital Accounting: An Application to Land Ownership and Ecosystem Services in Scotland," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 81(2), pages 215-241, February.

    More about this item

    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

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