The Framework of Ecosystem Services for Economic Valuation Purposes: A Review

Date Received: Dec 25, 2018

Date Published: Dec 24, 2019

DOI: https://doi.org/10.31817/vjas.2019.2.3.04

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Duc, N. (2019). The Framework of Ecosystem Services for Economic Valuation Purposes: A Review. Vietnam Journal of Agricultural Sciences, 2(3), 434–449. https://doi.org/10.31817/vjas.2019.2.3.04

The Framework of Ecosystem Services for Economic Valuation Purposes: A Review

Nguyen Minh Duc (*) 1

  • Corresponding author: nmduc@vnua.edu.vn
  • 1 Faculty of Economics and Rural Development, Vietnam National University of Agriculture, Hanoi 131000, Vietnam

    • Keywords

    Ecosystem service, ecosystem function, ecosystem benefit, ecosystem value

    Abstract


    Although humans need ecosystems and ecosystem services for their survival and well-being, most of the global ecosystems and the services that they provide have declined and/or degraded rapidly over the past few decades. In order to find the ways to sustainably use natural resources, substantial efforts have been made to measure and value the ecosystem services. The term ‘ecosystem service’ was interpreted in different ways in the literature. For making correct decisions in natural resource management, a consistent way of defining and classifying ecosystem services is needed for valuation purposes. This paper argued for the need to divide ecosystem services into intermediate and final services.

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