Abstract

This study makes the case for proper valuation of NTFPs and reviews various types of models that can be used for this purpose. Two types of values-income/flow and wealth/stock-are suggested; these can be estimated with six types of conceptual models. The data requirements of models along with their merits and de-merits are explained. Finally, the study explains the variation in the NTFP values across studies/countries in terms of various factors with the help of a value equation. Some guidelines for computing economic values of NTFPs are also suggested.

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