Forestry cannot be isolated from the forces that drive all economic activity. It involves using land, labour, and capital to produce goods and services from forests, while economics helps in understanding how this can be done in ways that will best meet the needs of people. Therefore, a firm grounding in economics is integral to sound forestry policies and practices.
This book, a major revision and expansion of Peter H. Pearse’s 1990 classic, provides this grounding. Updated and enhanced with advanced empirical presentation of materials, it covers the basic economic principles and concepts and their application to modern forest management and policy issues. Topics range from valuation of forest investments and unpriced forest goods and services to property rights, taxation, and global issues of forests and the environment. Review questions and suggestions for further readings appear at the end of each chapter.
Forest Economics draws on the strengths of two of the field’s leading practitioners who have more than fifty years of combined experience in teaching undergraduate and graduate courses in forest economics in the United States and Canada. Its comprehensive and systematic analysis of forest issues makes it an indispensable resource for students and practitioners of forest management, natural resource conservation, and environmental studies.
An indispensable resource for students and practitioners of forest management, natural resource conservation, and environmental studies.
Pearse’s 1990 textbook has influenced a whole generation of forest economists in Canada. This new book by Zhang and Pearse holds the promise of serving as an important reference on forest economics in North America and elsewhere in the Englishspeaking world for many years to come.
Part 1: Market, Government, and Forest Investment Analysis
1 Forestry’s Economic Perspective
2 Market Economy and the Role of Government
3 Forest Investment Analysis
Part 2: The Forest Sector – Timber, Land, and Beyond
4 Timber Supply, Demand, and Pricing
5 Unpriced Forest Values
6 Land Allocation and Multiple Use
Part 3: Economics of Forest Management
7 The Optimal Forest Rotation
8 Regulating Harvests over Time
9 Long-Term Trends in the Forest Sector and Silvicultural Investment
Part 4: Economics of Forest Policy
10 Property Rights
11 Forest Taxes and Other Charges
Part 5: Forest Economics in a Global Perspective
12 Forest Products Trade
13 Global Forest Resources and the Environment
Corporate Social Responsibility and the State
International Approaches to Forest Co-Regulation
By Jane Lister
Policies for Sustainably Managing Canada’s Forests
Tenure, Stumpage Fees, and Forest Practices
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