The Passive Use Value of the Mediterranean Forest

Vladimir Otrachshenkoy
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Vladimir Otrachshenkoy: Centro Euro-Mediterraneo sui Cambiamenti Climatici (CMCC), Fondazione Eni Enrico Mattei (FEEM) and Nova School of Business and Economics (Portugal)

No 2014.86, Working Papers from Fondazione Eni Enrico Mattei

Abstract: In this study we estimate the passive use value of forest in different ecological zones in the Mediterranean region. We estimate these values for forests using meta-analysis. These estimates are used to reveal the annual monetary values per hectare for each country. The total annual amount of passive use value of the Mediterranean forest is about one billion international dollars. The estimated passive use value of the forest from this study can be used to account for the social welfare loss caused by fire, insects, diseases, biotic agents, and abiotic factors.

Keywords: Forest; Mediterranean Region; Passive Use; Welfare Loss (search for similar items in EconPapers)
JEL-codes: Q23 (search for similar items in EconPapers)
Date: 2014-10
New Economics Papers: this item is included in nep-agr and nep-env
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Persistent link: https://EconPapers.repec.org/RePEc:fem:femwpa:2014.86

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