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The problem of risk in the economy of sustainable development on the example of the State Forests

Author

Listed:
  • Beata Sadowska

    (University of Szczecin)

  • Adam Lulek

    (University of Szczecin)

Abstract

Motivation: Economics of sustainable development aims to ensure standards of environmental, economic and social quality of life and freedom of all people living on Earth. Objectives in all three dimensions should be implemented taking into account their strong interdependence. Targets of sustainable development are implemented, among other things, by the State Forests, i.e. carrying on forest management according to the principles of universal forest protection, durability, their maintenance, continuity and sustainable use of all the functions of forests and expansion of forest resources. Forest management should be carried out while minimizing the economic risk that accompanies each economic activity. Aim: The aim of the study is to identify the risk associated with business operation of State Forests. Results: The study will also present the risk management process in the State Forests and the characteristics of its individual stages. Identified objective was achieved using a critical analysis of national and international studies, descriptive method and analysis of phenomena and synthesis of results and interviews with foresters. The layout and content of the study was subordinated to the realization of goals. Due to the limited article volume, only certain aspects of State Forests were presented, as an area of risk in the economy of sustainable development.

Suggested Citation

  • Beata Sadowska & Adam Lulek, 2018. "The problem of risk in the economy of sustainable development on the example of the State Forests," Ekonomia i Prawo, Uniwersytet Mikolaja Kopernika, vol. 17(1), pages 103-120, March.
    • Handle: RePEc:cpn:umkeip:v:17:y:2018:i:1:p:103-120
    DOI: 10.12775/EiP.2018.008
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    References listed on IDEAS

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    1. Stavins, Robert N. & Wagner, Alexander F. & Wagner, Gernot, 2003. "Interpreting sustainability in economic terms: dynamic efficiency plus intergenerational equity," Economics Letters, Elsevier, vol. 79(3), pages 339-343, June.
    2. Scott Baker & David Ponniah & Simon Smith, 1999. "Risk response techniques employed currently for major projects," Construction Management and Economics, Taylor & Francis Journals, vol. 17(2), pages 205-213.
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    More about this item

    Keywords

    risk; sustainable development; economy; forest economy;
    All these keywords.

    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q23 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Forestry
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

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