Estimate of the financial value of timber stocks of red cedar (Cedrela odorata L.) in Mexico
One of the two large categories of economic valuation within the environmental services field associated to natural resources is the market valuation. As its name implies, this type of valuation uses information generated in the process of exchange of goods or services valued. This document contains...
| Main Authors: | , , , |
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| Format: | Online |
| Language: | spa |
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Instituto de Ecología, A.C.
2017
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| Online Access: | https://myb.ojs.inecol.mx/index.php/myb/article/view/473 |
| _version_ | 1799769227670847488 |
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| author | Romo-Lozano, José Luis Vargas-Hernández, Jesús López-Upton, Javier Avila Angulo, María Luisa |
| author_facet | Romo-Lozano, José Luis Vargas-Hernández, Jesús López-Upton, Javier Avila Angulo, María Luisa |
| author_sort | Romo-Lozano, José Luis |
| collection | MYB |
| description | One of the two large categories of economic valuation within the environmental services field associated to natural resources is the market valuation. As its name implies, this type of valuation uses information generated in the process of exchange of goods or services valued. This document contains a financial valuation effort of Spanish red cedar (Cedrela odorata L.) species in Mexico. In this exercise the market price method was applied in order to estimate the monetary value of its main use (timber), considering the standing wood volume of the species in natural forests, based on information generated from the national forest inventory database. The effect of wood volume, price and transportation cost on total value was evaluated through a sensitivity analysis. The estimated value for total standing timber was MXN$ 5 282 183 404 (USD$288 328 788 at May 2016 prices). The Gulf of Mexico region has the highest value representation among the three regions considered in this paper. According to the sensitivity analysis, the price of wood is the main factor affecting total timber value of the species. |
| format | Online |
| id | oai:oai.myb.ojs.inecol.mx:article-473 |
| institution | Madera y Bosques |
| language | spa |
| publishDate | 2017 |
| publisher | Instituto de Ecología, A.C. |
| record_format | ojs |
| spelling | oai:oai.myb.ojs.inecol.mx:article-4732022-11-29T23:11:15Z Estimate of the financial value of timber stocks of red cedar (Cedrela odorata L.) in Mexico Estimación del valor financiero de las existencias maderables de cedro rojo (Cedrela odorata L.) en México Romo-Lozano, José Luis Vargas-Hernández, Jesús López-Upton, Javier Avila Angulo, María Luisa natural forest species subjected to special protection precious hardwoods forest resources market valuation bosque natural especies sujetas a protección especial maderas preciosas recursos forestales valoración con mercado Valoración Forestal One of the two large categories of economic valuation within the environmental services field associated to natural resources is the market valuation. As its name implies, this type of valuation uses information generated in the process of exchange of goods or services valued. This document contains a financial valuation effort of Spanish red cedar (Cedrela odorata L.) species in Mexico. In this exercise the market price method was applied in order to estimate the monetary value of its main use (timber), considering the standing wood volume of the species in natural forests, based on information generated from the national forest inventory database. The effect of wood volume, price and transportation cost on total value was evaluated through a sensitivity analysis. The estimated value for total standing timber was MXN$ 5 282 183 404 (USD$288 328 788 at May 2016 prices). The Gulf of Mexico region has the highest value representation among the three regions considered in this paper. According to the sensitivity analysis, the price of wood is the main factor affecting total timber value of the species. Uno de los dos grandes rubros de la valoración económica en el ámbito de los servicios ambientales asociados con recursos naturales es la valoración con mercado. Como su nombre lo indica, esta valoración utiliza información que se genera en el proceso de intercambio del bien o servicio valorado. El presente documento contiene un esfuerzo de este tipo de valoración, desde el punto de vista financiero, del cedro rojo (Cedrela odorata L.) en México. En este ejercicio se aplicó el método de precios de mercado para determinar el valor monetario de su principal uso (maderable), considerando el volumen de madera de la especie existente en los bosques naturales, con base en información generada a partir de las bases de datos del inventario nacional forestal. El efecto del volumen de madera, el precio y el costo del transporte sobre el valor total se evaluó mediante un análisis de sensibilidad. El valor maderable estimado de los árboles en pie asciende a la cantidad de MXN$5 282 183 404 (USD $288 328 788, a precios de mayo de 2016). De las tres regiones consideradas en esta valoración, la región Golfo de México es la de mayor aportación. De acuerdo con el análisis de sensibilidad realizado, el precio de la madera es el principal factor que afecta el valor maderable de la especie. Instituto de Ecología, A.C. 2017-04-27 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Artículo evaluado por pares Análisis estadístico y económico application/pdf text/html https://myb.ojs.inecol.mx/index.php/myb/article/view/473 10.21829/myb.2017.231473 Madera y Bosques; Vol. 23 No. 1 (2017): Spring 2017; 111-120 Madera y Bosques; Vol. 23 Núm. 1 (2017): Primavera 2017; 111-120 2448-7597 1405-0471 spa https://myb.ojs.inecol.mx/index.php/myb/article/view/473/1629 https://myb.ojs.inecol.mx/index.php/myb/article/view/473/1630 Derechos de autor 2017 Madera y Bosques |
| spellingShingle | Romo-Lozano, José Luis Vargas-Hernández, Jesús López-Upton, Javier Avila Angulo, María Luisa Estimate of the financial value of timber stocks of red cedar (Cedrela odorata L.) in Mexico |
| title | Estimate of the financial value of timber stocks of red cedar (Cedrela odorata L.) in Mexico |
| title_full | Estimate of the financial value of timber stocks of red cedar (Cedrela odorata L.) in Mexico |
| title_fullStr | Estimate of the financial value of timber stocks of red cedar (Cedrela odorata L.) in Mexico |
| title_full_unstemmed | Estimate of the financial value of timber stocks of red cedar (Cedrela odorata L.) in Mexico |
| title_short | Estimate of the financial value of timber stocks of red cedar (Cedrela odorata L.) in Mexico |
| title_sort | estimate of the financial value of timber stocks of red cedar (cedrela odorata l.) in mexico |
| url | https://myb.ojs.inecol.mx/index.php/myb/article/view/473 |
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