Journal Article

Forest Management, Conservation, and Global Timber Markets

Brent Sohngen, Robert Mendelsohn and Roger Sedjo

in American Journal of Agricultural Economics

Published on behalf of Agricultural and Applied Economics Association

Volume 81, issue 1, pages 1-13
Published in print February 1999 | ISSN: 0002-9092
Published online February 1999 | e-ISSN: 1467-8276 | DOI: http://dx.doi.org/10.2307/1244446
Forest Management, Conservation, and Global Timber Markets

More Like This

Show all results sharing these subjects:

  • Primary Products
  • Renewable Resources and Conservation
  • Economic Development

GO

Show Summary Details

Preview

This article develops a global timber market model which captures how timber supply reacts to future predicted increases in the demand for timber. Higher future demand is expected to increase prices, increase investments in regeneration, increase establishment of plantations, and expand output. Dynamic market responses imply a greater reliance on plantations in productive regions, allowing large areas of natural forest in low-valued regions to remain largely intact. Sensitivity analysis suggests that price, harvest, and management are most sensitive to the rate of demand increase, the interest rate, the cost of plantations, and access costs of natural forests. Two forest conservation strategies are examined which predict the system-wide implications of forest conservation in Europe and North America. The policies indicate that whereas set asides can induce net conservation, harvests increase elsewhere, particularly in natural forests.

Keywords: conservation; dynamic optimization; timber markets; L730; O130; Q230

Journal Article.  0 words. 

Subjects: Primary Products ; Renewable Resources and Conservation ; Economic Development

Full text: subscription required

How to subscribe Recommend to my Librarian

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.