The estimation of economic values for forest externalities that markets may not incorporate plays a key role in formulation of a successful forest policy and determination of the real contributions of forest resources to sustainable development. Both in Turkey and worldwide, determination of negative and positive externalities of forests and forestry is essential for promoting sustainable forestry development. The purpose of this study is to theoretically examine positive and negative externalities related to forest resources and forestry. Then, threshold values for possible externalities in national level of Turkish forests and forestry will be estimated in conservative manner to find out how important are the externalities of forests and forestry in Turkey. Accordingly, we addressed policy measures for sustainable forest management.
Key words: Externalities, total economic value, Turkish forests, sustainable forestry.
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