• myGriffith
    • Staff portal
    • Contact Us⌄
      • Future student enquiries 1800 677 728
      • Current student enquiries 1800 154 055
      • International enquiries +61 7 3735 6425
      • General enquiries 07 3735 7111
      • Online enquiries
      • Staff phonebook
    View Item 
    •   Home
    • Griffith Research Online
    • Journal articles
    • View Item
    • Home
    • Griffith Research Online
    • Journal articles
    • View Item
    JavaScript is disabled for your browser. Some features of this site may not work without it.

    Browse

  • All of Griffith Research Online
    • Communities & Collections
    • Authors
    • By Issue Date
    • Titles
  • This Collection
    • Authors
    • By Issue Date
    • Titles
  • Statistics

  • Most Popular Items
  • Statistics by Country
  • Most Popular Authors
  • Support

  • Contact us
  • FAQs
  • Admin login

  • Login
  • The economic values of global forest ecosystem services: A meta-analysis

    Thumbnail
    View/Open
    Taye502211-Accepted.pdf (1.484Mb)
    File version
    Accepted Manuscript (AM)
    Author(s)
    Taye, FA
    Folkersen, MV
    Fleming, CM
    Buckwell, A
    Mackey, B
    Diwakar, KC
    Le, D
    Hasan, S
    Ange, CS
    Griffith University Author(s)
    Buckwell, Andrew J.
    Hasan, Syezlin B.
    Mackey, Brendan
    Fleming, Christopher
    Year published
    2021-11
    Metadata
    Show full item record
    Abstract
    This study presents a meta-analysis of the economic values of global forest ecosystem services. The meta-analysis is conducted based on data from primary studies published between 1990 and 2018. The value-estimates from those studies are standardized into international currency units i.e. US dollar/ha/year using the purchasing power parity of countries at 2017 price levels. This standardization results in a database of 261 eligible primary studies and 758 value-estimates or observations. The study reveals large variations in the reported economic values of forests and the ecosystem services that they provide. Results from ...
    View more >
    This study presents a meta-analysis of the economic values of global forest ecosystem services. The meta-analysis is conducted based on data from primary studies published between 1990 and 2018. The value-estimates from those studies are standardized into international currency units i.e. US dollar/ha/year using the purchasing power parity of countries at 2017 price levels. This standardization results in a database of 261 eligible primary studies and 758 value-estimates or observations. The study reveals large variations in the reported economic values of forests and the ecosystem services that they provide. Results from the meta-regression indicate a range of drivers that influence these economic values, including GDP per-capita, proportion of forest cover, continental location, type of forest, ecological zone, forest area, ecosystem services being valued and the valuation method employed. The meta-regression results also indicate the importance of valuing multiple ecosystem services together, rather than valuing specific services separately. The danger with the latter approach is that valuation studies can inadvertently suggest industrial plantation forests, with harvesting for timber or bio-mass energy, have the greatest economic value. However, such studies do not properly consider trade-offs inherent in the management of these types of forests; namely the loss of multiple ecosystem services that are provided by more natural forests. These findings contribute to the literature evaluating the economic values of global forest ecosystem services by conveying relevant information regarding the divergence of the economic values associated with different forest features, thus helping to inform forest management.
    View less >
    Journal Title
    Ecological Economics
    Volume
    189
    DOI
    https://doi.org/10.1016/j.ecolecon.2021.107145
    Copyright Statement
    © 2021 Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Licence (http://creativecommons.org/licenses/by-nc-nd/4.0/) which permits unrestricted, non-commercial use, distribution and reproduction in any medium, providing that the work is properly cited.
    Note
    This publication has been entered into Griffith Research Online as an Advanced Online Version.
    Subject
    Climate change science
    Ecological applications
    Environmental management
    Pollution and contamination
    Applied economics
    Other economics
    Ecology
    Ecosystem services
    Economic values
    Forests Meta-analysis
    Value standardization
    Systematic literature review
    Publication URI
    http://hdl.handle.net/10072/406166
    Collection
    • Journal articles

    Footer

    Disclaimer

    • Privacy policy
    • Copyright matters
    • CRICOS Provider - 00233E
    • TEQSA: PRV12076

    Tagline

    • Gold Coast
    • Logan
    • Brisbane - Queensland, Australia
    First Peoples of Australia
    • Aboriginal
    • Torres Strait Islander