Purpose – The aim of this paper is to provide a critical evaluation of the potential of new institutional economics (NIE) in third world development. Design/methodology/approach – The paper reviews various theories under NIE from both conceptual and empirical perspectives. It then reviews...

Purpose – The purpose of this paper is to examine the role of natural resources accounting in sustainable development. Natural resource accounting is important because the welfare of a nation measured in terms of gross domestic product (GDP) has several weaknesses. Design/methodology/approach...

Implementation of Integrated Catchment Management (ICM) is hampered by the lack of a conceptual framework for explaining how landowners select farming systems for their properties. Benefit-cost analysis (a procedure that estimates the costs and benefits of alternative actions or policies) has...

Forest management policy decisions are complex due to the multiple-use nature of goods and services from forests, difficulty in monetary valuation of ecological services and the involvement of a large number of stakeholders. Multi-attribute decision techniques can be used to synthesise...

The objectives of this paper are (i) analyse the different definitions of ecotourism and identify their salient elements, (ii) describe the link between ecotourism and natural resources and (iii) identify the research gaps in ecotourism planning and evaluate various quantitative tools available...

Considerable growth has been achieved in agricultural production, specifically in export crops in developing countries over the last few decades. However, now there are concerns that production growth may not be sustainable under current agricultural practices. One of the primary sustainability...

Subsidised credit, a key component of many programs designed to facilitate rapid adoption of new agricultural technologies in developing countries, has been almost unanimously condemned by economists on both efficiency and equity grounds. This paper argues that such analysis have typically...