Countries regularly track gross domestic product (GDP) as an indicator of their economic progress, but not wealth-the assets such as infrastructure, forests, minerals, and human capital that produce GDP. In contrast, corporations routinely report on both their income and assets to assess their...

In 2005, the Millennium Ecosystem Assessment (MA, 2005) provided the first comprehensive report on global ecosystems, the dependence of human societies on the services provided, current state, and likely future trajectory. The MA identified the failure to value ecosystem services as a major...

The aim of this study was twofold: valuation of non-marketed forest resources and proposing means for generation of modified national accounts that would cover the full value of forest resource production (and consumption). Land cover for the study area was studied for three points in time from...