Skip to main content

Analysing norwegian forest management using an optimal harvesting rule

Buy Article:

$63.00 plus tax (Refund Policy)

Norwegian forest management was investigated empirically through estimating an optimal harvesting rule stepwise with a growth function, for both a pooled and a panel data model. Norwegian forest management implied an average annual rate of return within the interval 2.5–3.7%. The rate of return required from forest investments was low compared with alternative investment options. The results were consistent with observed forest management and were probably influenced by forest owners' time and risk preferences. Furthermore, the required rate of return from investments in forestry was probably affected by public policies, e.g. public subsidy programmes and tax legislation. The results may also imply that forest owners maximized the total benefit from their forests, and not exclusively profits from industrial roundwood production.
No Reference information available - sign in for access.
No Citation information available - sign in for access.
No Supplementary Data.
No Data/Media
No Metrics

Keywords: Euler equation; Forest management; forest inventory

Document Type: Research Article

Affiliations: Department of Ecology and Natural Resource Management, Agricultural University of Norway, P.O. Box 5003, NO-1432 ├ůs, Norway

Publication date: 2004-12-01

More about this publication?
  • Access Key
  • Free content
  • Partial Free content
  • New content
  • Open access content
  • Partial Open access content
  • Subscribed content
  • Partial Subscribed content
  • Free trial content
Cookie Policy
Cookie Policy
Ingenta Connect 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