Economic valuation of securization with hartman approach the case of Uludag National Park, Bursa, Turkey

Abstract

Mountain-Forest ecosystems provide essential services within the economic system of the region and perhaps the country. These natural resources, which have many apparent or not apparent functions, are facing economic development pressures in recent years. With quality and rational forest management, these benefits can be gained much more publicly. Forest rotation, silviculture studies, economic value determination, and rational forest management taking all these into account can provide this. The Faustmann approach made essential contributions to natural resource management and especially to the economic analysis of mountain -forest ecosystems in the middle of the 19th century, Highlighting the importance of the forest area's regeneration process, Faustman gave important opinions to decision -makers about when the timber value will be suitable for rotation. Hartman developed the Faustman approach by stating that the forest area has not only timber value but also non-timber values. In this study. the function of providing carbon securization from the Uludag National Park (UNP) resource values examined both approaches. The basic model where only the timber value is taken into account. According to the first model results, the UNP must be subjected to rotation at intervals of 44 years. UNP reaches its current net value of 956 USD/Ha in 44 years. In the second model. the stand value increased to 3827 USD/year per hectare in 52 years with carbon securization benefit.