Non-timber Values and the Optimal Forest Rotation: An Application to the Southern Forest of Tasmania

The present paper examines the optimal use of a site containing standing timber, taking account of both timber and non‐timber values. Using a site in the southern forest of Tasmania for illustrative purposes, it calculates the relationships between age of stand, extent of timber and non‐timber value...

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Vydáno v:The Economic record Ročník 80; číslo 251; s. 387 - 393
Hlavní autoři: CAMPBELL, HARRY F., JENNINGS, SARAH M.
Médium: Journal Article
Jazyk:angličtina
Vydáno: PO Box 378, Carlton South Victoria 3053, Australia Blackwell Publishing Asia Pty Ltd 01.12.2004
Blackwell Publishing Ltd
Témata:
Age
Australia
Conservation
Economic models
Economic theory
Environment
Environmental economics
Forest management
Forestry
Forests
Interest rates
Land use
Net present value
Rotation
Studies
Tasmania
Timber
Timber industry
Values
Australia
Tasmania Australia
ISSN:0013-0249, 1475-4932
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Popis
Shrnutí:The present paper examines the optimal use of a site containing standing timber, taking account of both timber and non‐timber values. Using a site in the southern forest of Tasmania for illustrative purposes, it calculates the relationships between age of stand, extent of timber and non‐timber values and optimal cutting age. It finds that, for a stand with moderate potential environmental benefits, there is a period of its life during which it is optimal to log. This segment narrows, and eventually disappears, as potential environmental benefits increase.
Bibliografie:istex:5E7301356BC16E2E2F404F3D451163F07391D471
ArticleID:ECOR196
The authors thank officers of the Forestry Commission, Tasmania, for providing tree growth information and useful comments and two referees for helpful suggestions. The authors are solely responsible for any errors or omissions and for the conclusions of the paper.
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ISSN:0013-0249
1475-4932
DOI:10.1111/j.1475-4932.2004.00196.x