Author
For further details log on website :
http://econpapers.repec.org/article/agsssfesf/198550.htm
Mikael Linden
Scandinavian Forest Economics: Proceedings of the Biennial Meeting of the Scandinavian Society of Forest Economics, 8-11, issue 41
Abstract: The national forest growth process and forest policy experienced in Finland in past 50 years are analyzed in terms of modern dynamic investment theory. Optimal forest investments and forest stock are derived in dynamic optimization framework. The private investments are subsidized by the government to stimulate forest growth. The optimal level of investments and growth effects depend on harvesting rate, on marginal productivity of forest stock, and on marginal benefits of investments. Under reasonable conditions government investment aid induces forest growth and supports less rigid adjustment path to higher optimal level of forest stock than without aid. Some regression results with Finnish regional data promote considered positive investment effects on forest stock.
Keywords: Forest policy in Finland; forest stock volume; forest investments; public aid; dynamic analysis; International Development; Labor and Human Capital (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed
Downloads: (external link)
http://purl.umn.edu/198550 (application/pdf)
http://purl.umn.edu/198550 (application/pdf)
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
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:ags:ssfesf:198550
Access Statistics for this article
Scandinavian Forest Economics: Proceedings of the Biennial Meeting of the Scandinavian Society of Forest Economics is currently edited by May
More articles in Scandinavian Forest Economics: Proceedings of the Biennial Meeting of the Scandinavian Society of Forest Economics from Scandinavian Society of Forest Economics Contact information at EDIRC.
Series data maintained by AgEcon Search (aesearch@umn.edu).
Series data maintained by AgEcon Search (aesearch@umn.edu).
For further details log on website :
http://econpapers.repec.org/article/agsssfesf/198550.htm
No comments:
Post a Comment