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Economic analysis of natural forest disturbances: A century of research

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  • Montagné-Huck, Claire
  • Brunette, Marielle

Abstract

Natural disturbances have always affected forest ecosystems, altering or disrupting the flows of goods and services provided by forests. In response, people have had to adapt their economic activities and decisions to take such hazards into account and to limit their consequences. In this paper, we conduct a survey on how economic analysis deals with such an issue, considering the different natural hazards affecting forests. Our database (described in and publicly available from Data in Brief website Montagné-Huck and Brunette (2018)) includes 340 papers collected from 1916 to 2014. This literature review allows synthesizing the existing knowledge, characterizing forest disturbances and identifying gaps in the literature.

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  • Montagné-Huck, Claire & Brunette, Marielle, 2018. "Economic analysis of natural forest disturbances: A century of research," Journal of Forest Economics, Elsevier, vol. 32(C), pages 42-71.
    • Handle: RePEc:eee:foreco:v:32:y:2018:i:c:p:42-71
    DOI: 10.1016/j.jfe.2018.03.002
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    1. Eric Nazindigouba KERE & Jérôme FONCEL & Marielle BRUNETTE, 2014. "Attitude towards Risk and Production Decision: An Empirical analysis on French private forest owners," Working Papers 201410, CERDI.
    2. Seidl, Rupert & Fernandes, Paulo M. & Fonseca, Teresa F. & Gillet, François & Jönsson, Anna Maria & Merganičová, Katarína & Netherer, Sigrid & Arpaci, Alexander & Bontemps, Jean-Daniel & Bugmann, Hara, 2011. "Modelling natural disturbances in forest ecosystems: a review," Ecological Modelling, Elsevier, vol. 222(4), pages 903-924.
    3. Alvarez, Luis H.R. & Koskela, Erkki, 2006. "Does risk aversion accelerate optimal forest rotation under uncertainty?," Journal of Forest Economics, Elsevier, vol. 12(3), pages 171-184, December.
    4. Marielle Brunette & Sandrine Costa & Franck Lecocq, 2012. "Economics of Species Change under Risk of Climate Change and Increasing Information: A (Quasi-)Option Value Analysis," Working Papers - Cahiers du LEF 2012-05, Laboratoire d'Economie Forestiere, AgroParisTech-INRA, revised Sep 2012.
    5. Rupert Seidl & Mart-Jan Schelhaas & Werner Rammer & Pieter Johannes Verkerk, 2014. "Increasing forest disturbances in Europe and their impact on carbon storage," Nature Climate Change, Nature, vol. 4(9), pages 806-810, September.
    6. Sauter, Philipp A. & Mußhoff, Oliver & Möhring, Bernhard & Wilhelm, Stefan, 2016. "Faustmann vs. real options theory – An experimental investigation of foresters’ harvesting decisions," Journal of Forest Economics, Elsevier, vol. 24(C), pages 1-20.
    7. D. King & I. Olthof & P. Pellikka & E. Seed & C. Butson, 2005. "Modelling and Mapping Damage to Forests from an Ice Storm Using Remote Sensing and Environmental Data," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 35(3), pages 321-342, July.
    8. Schou, Erik & Jacobsen, Jette Bredahl & Kristensen, Kristian Løkke, 2012. "An economic evaluation of strategies for transforming even-aged into near-natural forestry in a conifer-dominated forest in Denmark," Forest Policy and Economics, Elsevier, vol. 20(C), pages 89-98.
    9. Keane, Robert E. & Karau, Eva, 2010. "Evaluating the ecological benefits of wildfire by integrating fire and ecosystem simulation models," Ecological Modelling, Elsevier, vol. 221(8), pages 1162-1172.
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    1. Kwabena Asomanin Anaman, Samuel Ampomah, Joseph Manzvera, 2024. "Determinants of the Share of the Economy Contributed by the Forestry Industry in Ghana from 1975 to 2023," Research on World Agricultural Economy, Nan Yang Academy of Sciences Pte Ltd (NASS), vol. 5(4), September.
    2. David W. Shanafelt & Brian Danle & Jesse Caputo & Marielle Brunette, 2024. "More forest more problems? Understanding family forest owners’ concerns in the United States," Working Papers of BETA 2024-32, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    3. Bastit, Félix & Brunette, Marielle & Montagné-Huck, Claire, 2023. "Pests, wind and fire: A multi-hazard risk review for natural disturbances in forests," Ecological Economics, Elsevier, vol. 205(C).
    4. Brèteau-Amores, Sandrine & Yousefpour, Rasoul & Hanewinkel, Marc & Fortin, Mathieu, 2023. "Forest adaptation strategies to reconcile timber production and carbon sequestration objectives under multiple risks of extreme drought and windstorm events," Ecological Economics, Elsevier, vol. 212(C).
    5. Knoke, Thomas & Gosling, Elizabeth & Thom, Dominik & Chreptun, Claudia & Rammig, Anja & Seidl, Rupert, 2021. "Economic losses from natural disturbances in Norway spruce forests – A quantification using Monte-Carlo simulations," Ecological Economics, Elsevier, vol. 185(C).
    6. Félix Bastit & Marielle Brunette & Claire Montagne-Huck, 2021. "Earth, wind and fire: A multi-hazard risk review for natural disturbances in forests," Working Papers of BETA 2021-25, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    7. Thomas Knoke & Carola Paul & Elizabeth Gosling & Isabelle Jarisch & Johannes Mohr & Rupert Seidl, 2023. "Assessing the Economic Resilience of Different Management Systems to Severe Forest Disturbance," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 84(2), pages 343-381, February.

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    More about this item

    Keywords

    forest; economics; risk; natural disturbance; hazard;
    All these keywords.

    JEL classification:

    • Q23 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Forestry
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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