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A theoretical and empirical analysis of joint forest production: Timber supply and amenity services

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  • Sun, Xing
  • Zhang, Daowei

Abstract

This paper applies a two-period timber and amenity production model to assess the hardwood harvesting choices of different forest owner groups at the stand level by utilizing USDA Forest Service Forest Inventory Analysis (FIA) data for nine southern states. We find that forest industry and institutional timberland owners are more likely to do partial harvests than non-industrial private forest (NIPF) landowners and that all of three owner groups are less likely to harvest if there is a high possibility of generating revenues from amenities. Final harvests are more price and income elastic than partial harvests among all owners at both of stand level and aggregate level. Additionally, stand-level timber supply for institutional owners is more responsive to stumpage price change than for industry and NIPF landowners. At the aggregate level, institutional timberland owners respond the most to stumpage prices for partial harvest among all owners.

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  • Sun, Xing & Zhang, Daowei, 2020. "A theoretical and empirical analysis of joint forest production: Timber supply and amenity services," Forest Policy and Economics, Elsevier, vol. 115(C).
    • Handle: RePEc:eee:forpol:v:115:y:2020:i:c:s1389934119301893
    DOI: 10.1016/j.forpol.2020.102132
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    2. Salimova, Guzel & Ableeva, Alisa & Lubova, Tatiana & Sharafutdinov, Aidar & Araslanbaev, Irek, 2022. "Multidimensional modeling of the economy of forest management and reforestation," Ecological Modelling, Elsevier, vol. 472(C).

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