Forestry and the New Institutional Economics
Forestry and the New Institutional Economics

Author: Sen Wang

Publisher: Routledge

Published: 2018-02-06

Total Pages: 216

ISBN-13: 1351740369

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This title was first published in 2001. Using a case study from British Columbia, this book addresses the economies of institutions, institutional change and transactions costs and develops the theory of the New Institutional Economics in the context of forestry institutions. This approach to economic analysis of forestry investment problems will emphasize the understanding of the linkages between the biological as well as institutional attributes of forestry activities.

A Manager's Guide to Forestry Investment Analysis
A Manager's Guide to Forestry Investment Analysis

Author: A. Ghebremichael

Publisher:

Published: 1996

Total Pages: 80

ISBN-13:

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This guide has been prepared to assist forest managers and planners in the use of economic analysis techniques. It uses simplified analytical methods, hands-on exercises, and two case studies to provide a working understanding of the principles and techniques of financial and economic analyses. Topics covered include: the unique characteristics of timber production; the time value of money and cash flows; different series of cash flows (present and future values); decision criteria such as payback period, rate of return, net present value, cost-benefit ratio, equivalent annual income, and annual rent; applications of criteria to single stand level decisions and to forest-wide decisions; special topics, including recent developments in discounting theory; and accounting for perspectives from private enterprise, the public sector, and society as a whole. The appendix contains two case studies on jack pine thinning and regeneration.

Economic Analysis of Forestry Projects
Economic Analysis of Forestry Projects

Author: Food and Agriculture Organization of the United Nations. Forestry Department. Policy and Planning Service

Publisher: Bernan Press(PA)

Published: 1980

Total Pages: 228

ISBN-13: 9789251009550

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Investment oriteria for agricultural and rural development projects. Economic impact of foresthy projects. Economic analysis of watershed projects. Discounting proceduers for project apprasais.

The Economics of Forestry
The Economics of Forestry

Author: Erhun Kula

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 196

ISBN-13: 9401160783

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The economics of forestry has always fascinated me as one of the most brain-taxing cases in economics. As an investment forestry is different from many other projects as it has unusually long gestation periods. For example, in the United Kingdom it takes over 40 years to grow coniferous and over 100 years for deciduous timber. These long gestation periods make it very clear how import ant are the magnitude of the discount rate and the method of discounting in the evaluation of investment projects. Any errors in these will misguide investors in forestry one way or the other. In addition, forestry redistributes income between gener ations. Its long gestation periods make it obvious that more than one generation will be involved in any venture. When we plant trees we know that the bulk of the benefits will be captured by future generations. Conversely, when we fell trees we reap the benefit of projects which were established in the past, mostly by generations who are long gone. So far most economists have devoted their time and energy to analysing income distribution in an intragenerational context, and this is a very sensitive and controversial issue. After all, most revolutions have taken place because of the uneven income distribution which was oppressive for the majority. Forestry helps us to study the case from the viewpoint of different generations. Forestry necessitates estimating timber prices a long time ahead.