An operative framework for total hicksian income measurement - Application to a multiple-use forest

A. Caparros, P. Campos and G. Montero
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A. Caparros: CIRED - centre international de recherche sur l'environnement et le développement - Cirad - Centre de Coopération Internationale en Recherche Agronomique pour le Développement - EHESS - École des hautes études en sciences sociales - AgroParisTech - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique
P. Campos: CSIC - Consejo Superior de Investigaciones Cientificas [España] = Spanish National Research Council [Spain]
G. Montero: CIFOR - Center for International Forestry Research - CGIAR - Consultative Group on International Agricultural Research [CGIAR]

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Abstract: A methodology for estimating total hicksian income in multiple-use forests is presented. The approach consistently incorporates commercial as well as non-commercial economic values and enables the measurement of national accounting aggregates taking into account variation in man-made and natural capital. Innovative solutions are developed (i) for the estimation of non-market values, such as recreation, where an attempt to determine exchange values has been made simulating markets, (ii) for timber, where standing timber valuation methods have been extended to cover uneven stands, and (iii) for carbon fixation valuation, where only permanently fixed carbon after 1990 has been taken into account. The methodology is applied to a multiple-use pinewood in the Guadarrama mountains, near Madrid (Spain). Timber, cattle grazing, hunting, recreation, carbon fixation and conservation values are measured and integrated in the accounting system, using primary microeconomic data from the case study. Results indicate the importance of non-commercial income, which accounts for 51% of the total income, and the social relevance of the analysed forest, implying that only 31% of the total income generated is appropriated by the forest owner.

Date: 2003
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Citations: View citations in EconPapers (26)

Published in Environmental and Resource Economics, 2003, 26 (2), pp.173. ⟨10.1023/A:1026306832349⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00719124

DOI: 10.1023/A:1026306832349

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