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ISSN: 2168-9776

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Research Article

Assessment of Forest Valuation to GDP Contribution in Sierra Leone

Jackson EA*

Doctoral Scholar, University of Birmingham, UK

*Corresponding Author:
Jackson EA
Doctoral Scholar
University of Birmingham
Edgbaston, Birmingham, UK
Tel: 447862703701
E-mail: [email protected]

Received date: March 31, 2015; Accepted date: April 21, 2015; Published date: April 27, 2015

Citation: Jackson EA (2015) Assessment of Forest Valuation to GDP Contribution in Sierra Leone. Forest Res 4:143. doi:10.4172/2168-9776.1000143

Copyright: © 2015 Jackson EA. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.

Abstract

This paper provided a critique of GDP data computed for forest division in Sierra Leone between the periods 2013-14 (a sub-set of the aggregate computation from all accountable divisions within the agricultural sector). The analysis has raised concerns about the validity of data used, and particularly method(s) on which the valuation was computed. Efforts were made in discussing valuation methods with their merits and limitations, and their applicability in the context of forestry division in the country. The conclusion highlighted a justified explanation for the ‘stated preferences’ technique, and with recommendations for addressing issues in a bid to improving forest valuation techniques in generating higher GDP revenue for the division, and the national accounting as a whole.

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