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| Author: | Caparros, A. Campos, P. Montero, G. |
| Title: | An operative framework for total Hicksian income measurement: application to a multiple-use forest |
| Journal: | Environmental and Resource Economics
2003 : OCT, VOL. 26:2, p. 173-198 |
| Index terms: | Contingency theory Exchange rates National income Spain |
| Freeterms: | Green national accounting |
| Language: | eng |
| Abstract: | Innovative solutions are developed for the estimation of nonmarket values, such as recreation, where an attempt to determine exchange values has been made simulating markets, for timber, where standing timber valuation methods have been extended to cover uneven stands, and 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, near Madrid (Spain). Results indicate the importance of non-commercial income, which accounts for 51 % of the total income, and the social relevance of the analysed forest, implyingthat only 31 % of the total income, and the total income generated is appropriated by the forest owner. |
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