Valuing Mediterranean Forests

Book excerpt: This book provides a comprehensive analysis of the economic value of Mediterranean forests, including not only the more obvious benefits (e.g. timber), but also the less commonly-measured public goods (e.g. tourism and conservation) that these forests provide. It brings together forest valuations at the national level from 18 Mediterranean countries, based on extensive local data collection, and thus allows comprehensive analyses within countries as well as comparative analyses across countries. Forest benefits were classified within the Total Economic Value (TEV) framework. The book describes the valuation techniques used and examines ways to overcome the problems encountered. The book explores the research findings in the context of the institutions and policies that affect Mediterranean forests and proposes new policy approaches for improving forest policies and management at the national, regional and local levels. It is also shown how the methodologies used can be applied to other regions.