1994
DOI: 10.1007/978-94-011-6037-7
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Economics of Natural Resources, the Environment and Policies

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Cited by 87 publications
(93 citation statements)
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“…The average farm size in the ED has a negative effect, which may relate to the profitability of enterprises associated with larger farms. Land prices are recognised as having a significant effect on the attractiveness of afforestation, particularly given the long-term nature of the investment (Kula, 1992). In this study self-reported values were employed as actual sales data were lacking.…”
Section: Discussionmentioning
confidence: 99%
“…The average farm size in the ED has a negative effect, which may relate to the profitability of enterprises associated with larger farms. Land prices are recognised as having a significant effect on the attractiveness of afforestation, particularly given the long-term nature of the investment (Kula, 1992). In this study self-reported values were employed as actual sales data were lacking.…”
Section: Discussionmentioning
confidence: 99%
“…Environmental valuation is attained by estimating the effect of a change in environmental conditions on social welfare, which is called the total economic value (TEV) of the change. Practically, this is based on people's willingness to pay (WTP) an amount of money in order to avoid an environmental degradation or their willingness to accept (WTA) a compensation in order to suffer the environmental impacts incurred [10][11][12][13]. TEV can be divided into use values and non-use values reflecting the fact that people also value resources for moral reasons and bequest reasons, unrelated to current or future personal use of the good.…”
Section: Environmental Valuationmentioning
confidence: 99%
“…The extraction of natural resources increased exponentially since the industrial revolution, which combined with the increased emission wastes resulted in the actual environmental situation [1]. This development path aims for a sustained growing, thus increasing the emission of wastes and residues [2].…”
Section: Introductionmentioning
confidence: 99%