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Discussion Paper: Study of Production Functions for Modeling Forest Biomass: An Area for Research

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Abstract:

The usefulness of production functions, mathematical descriptions of production processes, has long been recognized by economists in manufacturing industries, and more recently by agricultural scientists in the field of biological production. As increasing emphasis in forestry is placed on short-rotation, intensive crop management it would seem that foresters would also require production functions for rational timber management planning. These functions could be useful in a number of areas such as: crop tree growth prediction, control of stand development, economic analysis for decision-making purposes, and for determining the so-called elasticities of inputs and outputs. A very general functional form that may be appropriate for the development of forestry models is the transcendental logarithmic, or translog, function. Unfortunately, at this time, sufficiently detailed data do not seem to be available for any tree species to estimate a production function that could make sophisticated intensive forest management possible. For. Sci. 35(3):843-849.

Keywords: Growth and yield; decision-making; econometrics; economic analysis; mathematical description

Document Type: Discussion

Affiliations: Assistant Professor, Department of Forestry, Mississippi State University, Mississippi State, MS 39762

Publication date: September 1, 1989

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