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Discount rate and harvest policy: implications for Baltic forestry

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  • Brukas, Vilis
  • Jellesmark Thorsen, Bo
  • Helles, Finn
  • Tarp, Peter

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  • Brukas, Vilis & Jellesmark Thorsen, Bo & Helles, Finn & Tarp, Peter, 2001. "Discount rate and harvest policy: implications for Baltic forestry," Forest Policy and Economics, Elsevier, vol. 2(2), pages 143-156, June.
    • Handle: RePEc:eee:forpol:v:2:y:2001:i:2:p:143-156
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    1. Marothia, Dinesh K., 1988. "Afforestation of Bhata Soils: Socio-Economic and Management Aspects," Indian Journal of Agricultural Economics, Indian Society of Agricultural Economics, vol. 43(3), July.
    2. Hartman, Richard, 1976. "The Harvesting Decision When a Standing Forest Has Value," Economic Inquiry, Western Economic Association International, vol. 14(1), pages 52-58, March.
    3. Tewari, Devi D. & Singh, Katar, 1984. "Financial Analysis of Afforestation of Community Lands in Ramganga Catchment in Uttar Pradesh Hills," Indian Journal of Agricultural Economics, Indian Society of Agricultural Economics, vol. 39(2), April.
    4. Outi Aarnio, 1998. "The strains of economic growth in Korea: isn't broad-based growth enough after all?," Asia Pacific Business Review, Taylor & Francis Journals, vol. 4(2-3), pages 149-156, June.
    5. Samuelson, Paul A, 1976. "Economics of Forestry in an Evolving Society," Economic Inquiry, Western Economic Association International, vol. 14(4), pages 466-492, December.
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    Cited by:

    1. James Breen & Darragh Clancy & Mary Ryan & M. Wallace, 2010. "Can’t See the Wood for the Trees: The Returns to Farm Forestry in Ireland," Working Papers 1003, Rural Economy and Development Programme,Teagasc.
    2. Strange, Niels & Jacobsen, Jette Bredahl & Thorsen, Bo Jellesmark, 2019. "Afforestation as a real option with joint production of environmental services," Forest Policy and Economics, Elsevier, vol. 104(C), pages 146-156.
    3. Eyvindson, Kyle & Duflot, Rémi & Triviño, María & Blattert, Clemens & Potterf, Mária & Mönkkönen, Mikko, 2021. "High boreal forest multifunctionality requires continuous cover forestry as a dominant management," Land Use Policy, Elsevier, vol. 100(C).
    4. Valatin, G. & Ovando, P. & Abildtrup, J. & Accastello, C. & Andreucci, M.B. & Chikalanov, A. & El Mokaddem, A. & Garcia, S. & Gonzalez-Sanchis, M. & Gordillo, F. & Kayacan, B. & Little, D. & Lyubenova, 2022. "Approaches to cost-effectiveness of payments for tree planting and forest management for water quality services," Ecosystem Services, Elsevier, vol. 53(C).
    5. Jurgita Baranauskiene & Vilija Alekneviciene, 2019. "Comprehensive Measurement of Social Benefits Generated by Public Investment Projects," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 15(4), pages 195-210.
    6. Nijnik, Maria, 2004. "To an economist's perception on sustainability in forestry-in-transition," Forest Policy and Economics, Elsevier, vol. 6(3-4), pages 403-413, June.
    7. O’Donoghue, Cathal & O’Fatharta, Eoin & Geoghegan, Cathal & Ryan, Mary, 2024. "Farmland afforestation: Forest optimal rotation ages across discrete optimisation objectives," Land Use Policy, Elsevier, vol. 139(C).
    8. Aleknevičienė, Vilija & Stončiuvienė, Neringa & Zinkevičienė, Danutė, 2013. "Determination of the fair value of a multifunctional family farm: a case study," Studies in Agricultural Economics, Research Institute for Agricultural Economics, vol. 115(3), pages 1-10, December.
    9. Vilis Brukas & Andrius Kuliešis & Ola Sallnäs & Edgaras Linkevičius, 2011. "Resource availability, planning rigidity and Realpolitik in Lithuanian forest utilization," Natural Resources Forum, Blackwell Publishing, vol. 35(2), pages 77-88, May.
    10. Chang, Sun Joseph, 2020. "Twenty one years after the publication of the generalized Faustmann formula," Forest Policy and Economics, Elsevier, vol. 118(C).
    11. Vedel, Suzanne Elizabeth & Jacobsen, Jette Bredahl & Thorsen, Bo Jellesmark, 2015. "Forest owners' willingness to accept contracts for ecosystem service provision is sensitive to additionality," Ecological Economics, Elsevier, vol. 113(C), pages 15-24.
    12. Lodin, Isak & Brukas, Vilis, 2021. "Ideal vs real forest management: Challenges in promoting production-oriented silvicultural ideals among small-scale forest owners in southern Sweden," Land Use Policy, Elsevier, vol. 100(C).
    13. Nichiforel, Liviu & Deuffic, Philippe & Thorsen, Bo Jellesmark & Weiss, Gerhard & Hujala, Teppo & Keary, Kevin & Lawrence, Anna & Avdibegović, Mersudin & Dobšinská, Zuzana & Feliciano, Diana & Górriz-, 2020. "Two decades of forest-related legislation changes in European countries analysed from a property rights perspective," Forest Policy and Economics, Elsevier, vol. 115(C).
    14. Cubbage, Frederick & Kanieski, Bruno & Rubilar, Rafael & Bussoni, Adriana & Olmos, Virginia Morales & Balmelli, Gustavo & Donagh, Patricio Mac & Lord, Roger & Hernández, Carmelo & Zhang, Pu & Huang, J, 2020. "Global timber investments, 2005 to 2017," Forest Policy and Economics, Elsevier, vol. 112(C).
    15. Jette Bredahl Jacobsen & Frank Jensen & Bo Jellesmark Thorsen, 2018. "Forest Value and Optimal Rotations in Continuous Cover Forestry," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 69(4), pages 713-732, April.
    16. Mozgeris, Gintautas & Kavaliauskas, Marius & Brukas, Vilis & Stanislovaitis, Andrius, 2019. "Assessment of timber supply under alternative contextual scenarios," Forest Policy and Economics, Elsevier, vol. 103(C), pages 36-44.
    17. Knoke, Thomas & Paul, Carola & Härtl, Fabian, 2017. "A critical view on benefit-cost analyses of silvicultural management options with declining discount rates," Forest Policy and Economics, Elsevier, vol. 83(C), pages 58-69.
    18. Sandulescu, Emil & Wagner, John E. & Pailler, Sharon & Floyd, Donald W. & Davis, Craig J., 2007. "Policy analysis of a government-sanctioned management plan for a community-owned forest in Romania," Forest Policy and Economics, Elsevier, vol. 10(1-2), pages 14-24, December.
    19. Newman, D.H., 2002. "Forestry's golden rule and the development of the optimal forest rotation literature," Journal of Forest Economics, Elsevier, vol. 8(1), pages 5-27.
    20. Müller, Fabian & Hanewinkel, Marc, 2018. "Challenging the assumptions of a standard model: How historical triggers in terms of technical innovations, labor costs and timber price change the land expectation value," Forest Policy and Economics, Elsevier, vol. 95(C), pages 46-56.
    21. Foppert, John D., 2024. "The discount rate differential required for harvesting-by-dice-rolling to outperform optimal rotation planning," Forest Policy and Economics, Elsevier, vol. 160(C).
    22. Schou, Erik & Thorsen, Bo Jellesmark & Jacobsen, Jette Bredahl, 2015. "Regeneration decisions in forestry under climate change related uncertainties and risks: Effects of three different aspects of uncertainty," Forest Policy and Economics, Elsevier, vol. 50(C), pages 11-19.

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