The economic value of Portuguese pine and eucalyptus forests

A Work Project, presented as part of the requirements for the Award of a Masters Degree in Economics from the NOVA – School of Business and Economics

This paper estimates the total economic value for the Portuguese pine and eucalyptus forest ecosystems considering market services (timber and non timber forest products) and non-market services (recreation, landscape, carbon sequestration, watershed protection, protection of soil erosion and biodiversity). According to the results obtained, at least half of the values of the ecosystems in study come from non-market services, and eucalyptus forests are more valuable than pine forests, even after including fire risks. Moreover, the results also suggest a non-optimal management of Portuguese pine forests.