Forests In A Market Economy

This book draws together contributions from forest economists in the Research Triangle of North Carolina, with co-authors from institutions around the world. It represents our common belief that rigorous empirical analysis in an economic framework can inform forest policy. We intend the book as a guide to the empirical methods that we have found most useful for addressing both traditional and modem areas of concern in forest policy, including timber production and markets, multiple use forestry, and valuation of non-market benefits. 'The book editors and most chapter authors are affiliated with three institutions in the Research Triangle: the Southern Research Station of the USDA Forest Service (K. Abt, Butry, Holmes, Mercer, Moulton, Prestemon, Wear), the Department of Forestry at North Carolina State University (R. Abt, Ahn, Cubbage, Sills), and the Environmental and Natural Resource Economics Program of Research Triangle Institute (Murray, Pattanayak). Two other Triangle institutions are also represented among the book authors: Duke University (Kramer) and the Forestland Group (Zinkhan). In addition to our primary affiliations, many of us are adjunct faculty and/or graduates of Triangle universities. Many of our co-authors also graduated from or were previously affiliated with Triangle institutions. Thus, the selection of topics, methods, and case studies reflects the work of this particular network of economists, and to some degree, our location in the southeastern United States. However, our work and the chapters encompass other regions of the United States and the world, including Latin America and Asia.

Forestry cannot be isolated from the forces that drive all economic activity. It involves using land, labour, and capital to produce goods and services from forests, while economics helps in understanding how this can be done in ways that will best meet the needs of people. Therefore, a firm grounding in economics is integral to sound forestry policies and practices. This book, a major revision and expansion of Peter H. Pearse’s 1990 classic, provides this grounding. Updated and enhanced with advanced empirical presentation of materials, it covers the basic economic principles and concepts and their application to modern forest management and policy issues. Forest Economics draws on the strengths of two of the field’s leading practitioners who have more than fifty years of combined experience in teaching forest economics in the United States and Canada. Its comprehensive and systematic analysis of forest issues makes it an indispensable resource for students and practitioners of forest management, natural resource conservation, and environmental studies.

Economics and forest economics. Importance of forests and forest industries to a country. The production function. The concept of demand. The market. Imperfect competition. Trade in forest products. Time preference. Valuation of a forest property. Rent and stumpage. The forest management firm. Optimal economic rotation. Multiple product management. Intensive and extensive management. Principles of economics in land-use planning. Linear programming in forest economics.Non-timber products of forestry. Market failure and government intervention. Uncertainty and economic decisions. Project evaluation.Some public policy issues.

This book is the result of over ten years of field research across Zambia. It covers the production and diverse uses of wood and non-wood forest products in different parts of Zambia. Although a short format, it is a multi-contributed work. It starts an overview of the forestry sector, and covers more specific areas like production, markets and trade of wood and non-wood products; the role of non-wood forest products in the livelihood of the local population, the contribution of the forestry sector to Zambia’s overall economy and reviews of efforts to strategically utilize these resources for local economic, and sustainable, development. A concise reference to understand key wood products, market dynamics, and role of forests in a developing nation A useful guide for corporations, consultants, NGOs and international research organizations involved with sustainable development in Zambia as well as other nations in the SADC

Offers a good introduction to forestry economics in BC, including markets, supply, demand, pricing, non-market values, land allocation, forest rotations, regulations, property rights and taxes.

In the 1990s the world community has arrived at a particularly in developing countries and in econo historical turning point. Global issues- the decline mies in transition. These three organizations have of biological diversity, climate change, the fate of different backgrounds and focuses, but have found forest peoples, fresh water scarcity, desertification, it relevant and rewarding to their core operations to deforestation and forest degradation - have come collaborate in WFSE activities. The intention of to dominate the public and political debate about these organizations is to continue supporting the forestry. In the economic sphere, forest industries WFSE research and developing the mutual collab have assumed global dimensions. oration. The World Forests, Society and Environment In the year 2000,WFSE took on anewchallenge, Research Program (WFSE) is a response by the re extending its research network to involve five new searchcommunity to thisglobalization. The WFSE Associate Partners: the Center for International slogan 'Globalization calls for global research' re Forestry Research (CIFOR) in Indonesia;the Cent flects both the means and the end of the program. er for Research and Higher Education on Natural The program is involved in promoting and execut Resources of Tropical America (CATIE) in Costa ing research in different parts of the world, and Rica; the International Centerfor Research inAgro through its publications and communications net Forestry (ICRAF) in Kenya; the World Forestry work, linking researchers worldwide.

The economic value of forest. has long been recognized, but the ways in which that value is calculated and the management policies adopted in consequence have all too often resulted in overuse and irreversible destruction. This is spectacularly obvious around the Mediterranean basin, but it is also true in northern Europe. These five case studies, commissioned by the OECD, examine failures of forest management in Britain, Spain, Italy, Germany and Sweden. They look at both market and intervention policies and show how each can further the destruction of the forests, and they set out ways in which future policies can evade the mistakes of the past. Originally published in 1992