Valuing the Economic Loss of Deforestation in Ethiopia: Contingent Valuation Study in Walmara Woreda
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Date
1997-06
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A.A.U
Abstract
The world's tropical forests are disappearing at alarming rate. With less than 3
percent of total land covered by forests, Ethiopia is one of the least developed couriers
suffering from the problem of Deforestation. Deforestation impedes agricultural productivity
and sustainability, exacerbates rural poverty, and affects the whole ecosystem with serious
regional and global implications. As a result, improving management of the existing forest
resources has become the subject of considerable anthemion in many countries.
Proper management of forests requires economic analysis which can be used as a
basis for land use decisions. To make such analysis which help guide decision making on a
variety of forest land use options, however, improved valuation is needed. This paper has
examined the application of contingent valuation method for evaluating the opportunity cost
of deforestation in Ethiopia. In doing so, the study also attempted at testing the valuation
method employed. The finding of the study suggests that comingle valuation survey can
actually measure values that are theoretically consisted and sufficiently reliable and which
can be valid for use in benefit-cost analysis.
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Keywords
Contingent Valuation Study, Economic Loss