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

Paola Ovando, Alejandro Caparrós, Luis Diaz-Balteiro, María Pasalodos, Santiago Beguería, Jose Oviedo, Gregorio Montero and Pablo Campos

Land Economics, 2017, vol. 93, issue 1, 87-108

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.

JEL-codes: Q23 Q51 (search for similar items in EconPapers)
Date: 2017
Note: DOI: 10.3368/le.93.1.87
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:uwp:landec:v:93:y:2017:i:1:p:87-108

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