Mapping of Forest Biodiversity Values: A Plural Perspective
29 Pages Posted: 29 Jan 2009 Last revised: 26 Feb 2014
Date Written: January 28, 2009
The Millennium Ecosystem Assessment is built on a conceptual framework that links biodiversity to the services ecosystems provide to society. Based on this framework, we first compile market and non-market forest valuation studies and, secondly, explore the potential of an econometric modeling exercise by conducting a world wide meta-analysis. This exercise aims to highlight the mapping of biodiversity indicators and assesses their respective role on the valuation exercise. Our results show that biodiversity loss is having an effect on forest ecosystem values. In addition, these effects reveal to be dependent on the type of services and global geo-climatic regions.
Keywords: Millennium Ecosystems Approach, Biodiversity Loss, Meta-Analysis, Market Valuation, Non-Market Valuation, Forests
JEL Classification: Q57
Suggested Citation: Suggested Citation