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Economic valuation and market capture of forest functions in developing countries

Bann, Camille Anne; (2003) Economic valuation and market capture of forest functions in developing countries. Doctoral thesis (Ph.D), UCL (University College London). Green open access

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This thesis illustrates through case study examples how the two-stage approach of economic valuation and capture design can greatly contribute to the optimal management of forests in low and middle-income countries. The thesis is orientated towards forest and mangrove land use in Cambodia, Malaysia and Turkey. The case studies from Cambodia represent the first natural resource valuation exercises in this country and highlight the research challenges faced in a poor country at the early stages of recovery from a protracted civil war. The case studies employ a range of valuation approaches (e.g., the production function approach, contingent valuation and cost based approaches) to estimate key forest functions which are then employed in a cost benefit analysis of competing management / land use options for the concerned sites. Attention is paid to the distributional impacts of competing land uses. The thesis discusses how a country's development status affects both the practical aspects of carrying out valuation studies and the potential to act on research findings. The institutions necessary to 'capture' natural values are more likely to be, or can more readily be, established in countries at a more advanced stage social, political and economic development. Based on the case study findings and literature reviews the thesis concludes that if forests are to be better managed, their demonstrated value needs to be translated into resource flows to stakeholders. To date however, natural resource values are not widely incorporated in private property rights, regulations and pricing policy largely due to political and institutional barriers. Furthermore, the case studies show global values to be highly relevant to the conservation argument however, most international capture mechanisms (e.g., the Kyoto Protocol) require a greater commitment by the international community if the desired conservation objectives are to be achieved.

Type: Thesis (Doctoral)
Qualification: Ph.D
Title: Economic valuation and market capture of forest functions in developing countries
Open access status: An open access version is available from UCL Discovery
Language: English
Additional information: Thesis digitised by ProQuest.
Keywords: Social sciences; Biological sciences; Forest management
URI: https://discovery.ucl.ac.uk/id/eprint/10100358
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