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Forest Resources, Government Policy, and Investment Location Decisions of the Forest Products Industry in the Southern United States

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Abstract:

In this article, the results of an initial attempt to estimate the effects of state attributes on plant location and investment expenditure were presented for the forest products industry in the southern United States. A conditional logit model was used to analyze new plant births, and a time-series cross-section model to assess the total capital expenditure. Significant positive effects were found for personal income and forest inventory, and negative effects were found for population density. In the short run, tax and energy costs had negative impacts on new plant births in a state, while in the long run, stumpage price and environmental stringency had negative effects on the capital expenditure. Sensitivity of model specification was documented, and policy implications were discussed. For. Sci. 47(2):169–177.

Keywords: Industrial recruitment; environmental management; environmental regulatory stringency; forest; forest management; forest resources; forest-based economic development; forestry; forestry research; forestry science; natural resource management; natural resources; tax

Document Type: Miscellaneous

Affiliations: Graduate Research Assistant School of Forestry and Wildlife Sciences, Auburn University, Auburn, AL, 36849

Publication date: 2001-05-01

More about this publication?
  • Forest Science is a peer-reviewed journal publishing fundamental and applied research that explores all aspects of natural and social sciences as they apply to the function and management of the forested ecosystems of the world. Topics include silviculture, forest management, biometrics, economics, entomology & pathology, fire & fuels management, forest ecology, genetics & tree improvement, geospatial technologies, harvesting & utilization, landscape ecology, operations research, forest policy, physiology, recreation, social sciences, soils & hydrology, and wildlife management.
    Forest Science is published bimonthly in February, April, June, August, October, and December.

    2015 Impact Factor: 1.702
    Ranking: 16 of 66 in forestry

    Also published by SAF:
    Journal of Forestry
    Other SAF Publications
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