Quantification of the utility value of the recreational function of forests from the aspect of valuation practice

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43410%2F16%3A43909968" target="_blank" >RIV/62156489:43410/16:43909968 - isvavai.cz</a>

Result on the web

<a href="http://dx.doi.org/10.17221/50/2016-JFS" target="_blank" >http://dx.doi.org/10.17221/50/2016-JFS</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.17221/50/2016-JFS" target="_blank" >10.17221/50/2016-JFS</a>

Result language

angličtina

Original language name

Quantification of the utility value of the recreational function of forests from the aspect of valuation practice

Original language description

The article is focused on quantification of the utility value of the recreational function of forests from the aspect of valuation practice. The aim of the article is a description of a methodical procedure which would enable to determine the market value of the recreational function of forests in the case of creation of real market demand. The methodical approach was verified on a case study in the chosen area. Results imply that determination of the market price of the recreational function in the case of creation of real market demand is possible and the formulated hypothesis is not rejected. The final rental value in the closed time period from the price determined for forest lands by application of the nominal interest rate 4.75% is 0.169 CZK.m-2. The procedure can be understood as a theoretical and methodical tool usable in the valuation practice, but especially as a political tool in the creation of legislative regulations in the area of valuation of ecosystem forest functions and services at the national and international level.

Czech name

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Czech description

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Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

GK - Forestry

OECD FORD branch

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Project

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Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2016

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Journal of Forest Science

ISSN

1212-4834

e-ISSN

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Volume of the periodical

62

Issue of the periodical within the volume

8

Country of publishing house

CZ - CZECH REPUBLIC

Number of pages

12

Pages from-to

345-356

UT code for WoS article

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EID of the result in the Scopus database

2-s2.0-84988869824