Skip to main content

Measuring Net Investment and Productivity in Timber Production

Buy Article:

$29.50 plus tax (Refund Policy)


An index number approach is developed for measuring changes in inputs, outputs, and total factor productivity in a timber-producing sector. These methods are applied to timber production in the U.S. South for the period 1952 to 1985. Results suggest that development of the sector may be described by an adjustment phase between 1952 and 1962 and a growth phase between 1962 and 1985. Aggregate output grew during the latter period at an annual rate of 2.0% for the forest industry and 1.2% for all other private lands. Input growth was also strong for the industry reflecting expansion in both the area of timberland and the intensity of management. On other private lands, however, timberland and inputs showed steady declines. Output growth net of input growth shows that productivity grew at about 0.5% per year on the industry lands and 2.5% per year on other private lands. However, the strong productivity measure for the other private ownership likely reflects measurement error related to the classification of timberland. These results demonstrate the potential hazards of using either trends in timberland area or gross investment (planting) alone to assess the development of a timber-producing sector. For. Sci. 40(1):192-208.

Keywords: Index numbers; production function; total factor productivity

Document Type: Journal Article

Affiliations: Research Forester, Southeastern Forest Experiment Station, USDA Forest Service, Box 12254, Research Triangle Park, NC 27709

Publication date: February 1, 1994

More about this publication?
  • Membership Information
  • ingentaconnect is not responsible for the content or availability of external websites

Access Key

Free Content
Free content
New Content
New content
Open Access Content
Open access content
Subscribed Content
Subscribed content
Free Trial Content
Free trial content
Cookie Policy
Cookie Policy
ingentaconnect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more