Economic valuation of forests: advances in research and future challenges
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Abstract
The protection of forests has become a center of attention for scientists and academics given their potential to combat climate change and for housing the rich biodiversity that lives in them. Governments and environmental organizations are relying on economic valuation to integrate the use of natural resources with environmental protection to establish sanctions for those responsible for the damage caused to the environment. The objective of this work was to analyze the progress of research on the economic valuation of forests. A bibliometric analysis was carried out with articles from the Scopus database and the Vosviewer program in order to know the advances in research and future challenges. The results revealed a co-occurrence mapping of keywords by author that resulted in the formation of three clusters, namely: the first cluster identified with the color red is related to economic valuation, the second cluster identified with the color green is related to management of environmental ecosystems and the third cluster identified with the color blue is related to environmental sustainability. For its part, the overlay analysis revealed that currently the research trend is focused on Willingness to pay, Investment model, Forest ecosystem services and Forest management. It is concluded that research on the economic valuation of forests has evolved significantly. Studies have focused their attention on the ecosystem services that forests provide, which include provision, regulation and cultural services. Also, the use of various economic valuation methods has been evidenced, such as revealed, declared and integrated valuation methods, with contingent valuation being the most used due to the ease of obtaining the information and the effectiveness of the analysis.
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