Forests and economic welfare
Abstract
A single dimensional measure of economic welfare in terms of per capita income has neglected the contribution of the non‐timber benefits of forests; hence forests have not received their due weight in literature on the development process. Advocates a multi‐dimensional measure of economic welfare. Presents, at the global level, an overview of the contribution of non‐timber forest products and at the micro level a case study from India. Highlights a more complete evaluation of the contribution of forests, and focuses on the economic contribution of forest resources to household income, income distribution, and spread of income over the year.
Keywords
Citation
Kant, S., Nautiyal, J.C. and Berry, R.A. (1996), "Forests and economic welfare", Journal of Economic Studies, Vol. 23 No. 2, pp. 31-43. https://doi.org/10.1108/01443589610109658
Publisher
:MCB UP Ltd
Copyright © 1996, MCB UP Limited