Author
Ruben Javier Mur, Renan Goetz, Angels Xabadia, Francesc Córdoba and Carles Gracia
Journal of Forest Economics, 2014, vol. 20, issue 3, pages 286-304
Abstract: Predicted increases in CO2 concentrations will affect forest ecosystems. In particular, they will impact tree growth, which in turn affects reproduction and mortality and consequently, forest planning. This study integrates different climate change scenarios of future biogeochemical processes and an economic model into a forest management model to determine the optimal selective-logging regime of Scots pine stands. It analyzes the economic implications of the management changes in comparison with the business as usual strategy. Adaption to new climatic conditions shows that it is optimal to increase the number of standing trees and to reduce the age of the logged trees. The results suggest that the failure to adapt the management regime has clear implications on the profitability of forests. Moreover, they show that higher mortality is likely to have a significant impact on the optimal forest management regime.
Keywords: Climate change; Forest management; Size-distributed stand; Dynamic optimization (search for similar items in EconPapers)
JEL-codes: Q23 Q54 C61 (search for similar items in EconPapers)
Date: 2014
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Persistent link:http://EconPapers.repec.org/RePEc:eee:foreco:v:20:y:2014:i:3:p:286-304
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Journal of Forest Economics is currently edited by P. Gong and R. Brännlund
More articles in Journal of Forest Economics from Elsevier
Series data maintained by Shamier, Wendy (repec@elsevier.com).
For further details log on website :
http://econpapers.repec.org/article/eeeforeco/v_3a20_3ay_3a2014_3ai_3a3_3ap_3a286-304.htm
Ruben Javier Mur, Renan Goetz, Angels Xabadia, Francesc Córdoba and Carles Gracia
Journal of Forest Economics, 2014, vol. 20, issue 3, pages 286-304
Abstract: Predicted increases in CO2 concentrations will affect forest ecosystems. In particular, they will impact tree growth, which in turn affects reproduction and mortality and consequently, forest planning. This study integrates different climate change scenarios of future biogeochemical processes and an economic model into a forest management model to determine the optimal selective-logging regime of Scots pine stands. It analyzes the economic implications of the management changes in comparison with the business as usual strategy. Adaption to new climatic conditions shows that it is optimal to increase the number of standing trees and to reduce the age of the logged trees. The results suggest that the failure to adapt the management regime has clear implications on the profitability of forests. Moreover, they show that higher mortality is likely to have a significant impact on the optimal forest management regime.
Keywords: Climate change; Forest management; Size-distributed stand; Dynamic optimization (search for similar items in EconPapers)
JEL-codes: Q23 Q54 C61 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed
Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1104689914000312
Full text for ScienceDirect subscribers only
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text
Persistent link:http://EconPapers.repec.org/RePEc:eee:foreco:v:20:y:2014:i:3:p:286-304
Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/journaldescription.cws_home/701775/bibliographic
http://www.elsevier. ... 701775/bibliographic
Access Statistics for this article
Journal of Forest Economics is currently edited by P. Gong and R. Brännlund
More articles in Journal of Forest Economics from Elsevier
Series data maintained by Shamier, Wendy (repec@elsevier.com).
For further details log on website :
http://econpapers.repec.org/article/eeeforeco/v_3a20_3ay_3a2014_3ai_3a3_3ap_3a286-304.htm
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