Theory and Method of Ecological Value Accounting of Forest Resources


  • He Zhu School of Statistics and Mathematics, Zhejiang Gongshang University, Hangzhou, China
  • Yan Liang School of Statistics and Mathematics, Zhejiang Gongshang University, Hangzhou, China
  • Zhaoyang Li School of Statistics and Mathematics, Zhejiang Gongshang University, Hangzhou, China
  • Chuanbao Qiu School of Economics, Finance and Banking, Universiti Utara Malaysia, Kedah, Malaysia



Forest resources, Economic theory, Accounting theory, Accounting method


Forest resources, as one of the most important natural resources, have high ecological value. The calculation of their ecological value is an important part of improving the accounting of natural resources assets. Based on the analysis of the basic situation of China's forest resources, this paper starts from the economic theory of forest resources, discusses the principle of forest resources in national economic operation, analyzes the output, value, price and other issues of forest resources, and probes into the necessity of studying forest resources. Then, based on the purpose of compiling the balance sheet of natural resources, the forest resources accounting theory was studied from the aspects of subject and object, scope, table design and so on. On the basis of relevant theoretical research, the main ecological functions of different types of forest resources are discussed. In practical calculation, the parameters of some accounting methods are adjusted to adapt to the local situation. Some methods of ecological value calculation such as soil conservation and water conservation are put forward, and some ideas for further improvement are put forward. Finally, taking Qiandao Lake as an example, the ecological value of its forest resources is calculated. Through calculation, the annual soil conservation value of Qiandao Lake forest resources was obtained. Combined with the research conclusion and practice progress, the future research prospect is put forward.


Alan, D Duncan., Lydia, Clougherty Jones. (2020). Applied infonomics: how to measure the net value of your information assets. Gartner Research.

Australian Bureau of Statistics - ABS (2018). 5204.0 - Australian System of National Accounts, 2017-2018. Table 61. Value of Land, by Land use by State/Territory – as at 30 June, Current Prices.

Bartelmus, Peter. (2015). Do we need ecosystem accounts? Ecological Economics,118.

Davenport, TH. (2014). Big Data at Work: Dispelling the Myths, Uncovering the Opportunities. Harvard Business Review Press: 49-62.

Grammatikopoulou, Ioanna., Vačkářová, Davina. (2021). The value of forest ecosystem services: A meta-analysis at the European scale and application to national ecosystem accounting. Ecosystem Services,48.

Hassan, Rashid., Ngwenya, Phindile. (2006). Valuing forest services missing from the national accounts: The contribution of cultivated forests to wealth accumulation in Swaziland. Forest Policy and Economics,9(3).

Havranek, Tomas., Horvath, Roman., Zeynalov, Ayaz. (2016). Natural resources and economic growth a meta-analysis. World development, 88: 134-151.

Katar, Singh., P. C, Kotwal., Kiran, P Mali. (2010). Forest resource accounting for sustainable forest management: An exploratory study in India. International Journal of Technology Management & Sustainable Development,9(1).

Linda Lilburne, Andre Eger, Paul Mudge, Anne-Gaelle Ausseil, Bryan Stevenson, Alexander Herzig, Mike Beare. (2020). The Land Resource Circle: Supporting land-use decision making with an ecosystem-service-based framework of soil functions. Geoderma,363:

Love, P E D., Zhou, J., Matthews, J. et al. (2016). Systems information modelling: Enabling digital asset management. Advances in Engineering Software, 102: 155 -165.

Mali, Singh., Kotwal, Omprakash. (2012). Application of forest resource valuation and accounting system: A case of forest resources of Sikkim, India. International Journal of Technology Management & Sustainable Development,11(2).

Serhiy, Ostapchuk., Nataliya, Tsaruk., Nizhyn. (2019). Accounting for Water, Land and Biological Assets in the Context of Sustainable Development Management: The Choice of a Main Meter. Accounting and Finance.

Statistics Korea, (2018). Statistical Database. National Accounts: National Balance Sheets available from Korean Statistical Information Service (KOSIS), see Table “Net capital stocks by assets (at current prices, year-end), Annual 1970-2017.”

Verma, M. (2008). Framework for Forest Resource Accounting: Factoring in the Intangibles. International Forestry Review,10(2).

Wang, T., He, G., Zhou, Q. (2018). Designing a Framework for Marine Ecosystem Assets Accounting. Ocean & Coastal Management, 163: 92-100.

Wentland Scott A., Ancona Zachary H., Bagstad Kenneth J., Boyd James, Hass Julie L., Gindelsky Marina, Moulton Jeremy G. (2020). Accounting for land in the United States: Integrating physical land cover, land use, and monetary valuation. Ecosystem Services,46:

Zhang, X., Zhu, F., Li, Y. (2020). Marine Resources Accounting A Diversification of Subject-Based Study. Journal of Coastal Research, 106 (SI): 5-8.

Zulpiya, Mamat., Ümüt, Halik., Maierdang, Keyimu., Ayjamal, Keram., Kalbinur, Nurmamat. (2018). Variation of the floodplain forest ecosystem service value in the lower reaches of Tarim River, China. Land Degradation & Development,29(1).




How to Cite

Zhu, H., Liang, Y., Li, Z., & Qiu, C. (2023). Theory and Method of Ecological Value Accounting of Forest Resources. Journal of Economic Statistics, 1(1), 45–67.