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Economic Valuation of Forest Goods and Services of Ayer Hitam Forest, Puchong, Selangor


Citation

Abd. Ghani, Awang Noor and Othman, Mohd Shahwahid and Yacob, Mohd Rusli and Mohamed, Shukri and Hussin, Mohamed Zakaria (1999) Economic Valuation of Forest Goods and Services of Ayer Hitam Forest, Puchong, Selangor. Pertanika Journal of Tropical Agricultural Science, 22 (2). pp. 147-160. ISSN 1511-3701

Abstract / Synopsis

The conversion of forestland to other land uses has resulted in substantial loss of biodiversity and other potential economic values to the community. However, the potential economic values of forest resources have been largely ignored by policy makers and land use planners. An economic valuation of forest resources of Ayer Hitam Forest (AHFR), Puchong, Selangor was carried out to determine its economic value and its impact on land use changes. The study focused on valuation of timber resources, recreation, community roles and wildlife conservation. The results show that the economic value ofAHFR is substantial and ignoring this value in land use development would provide a wrong signal to policy makers. Future land use planning should consider not only market-based economic returns but also its non-market and other environmental benefits.


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Additional Metadata

Item Type: Article
Divisions: Faculty of Economics and Management
Publisher: Universiti Putra Malaysia Press
Keywords: Economic valuation, stumpage value, recreation benefits, non-market goods and services, land use options
Depositing User: Nasirah Abu Samah
Date Deposited: 01 Dec 2009 04:33
Last Modified: 27 May 2013 07:10
URI: http://psasir.upm.edu.my/id/eprint/3756
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