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Application of Environmental Economics to Sustainable Management of the Forests of South-East Australia

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  • James, David

Abstract

This paper is based on the work of the Resource Assessment Commission, which was required by the Prime Minister to inquire into uses of Australia's forest and timber resources. It begins with a brief discussion of concepts of sustainable resource management and the guiding principles of the Commission. A description is given of the study area, its environment and forest resources. Sources of conflict in resource management are identified. The paper then explains how benefit-cost analysis techniques were applied to assess resource management options. The analysis undertaken was based on the Krutilla-Fisher model and contingent valuation of the forest resource.

Suggested Citation

  • James, David, 1994. "Application of Environmental Economics to Sustainable Management of the Forests of South-East Australia," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 28(1), pages 77-89, March.
  • Handle: RePEc:spr:anresc:v:28:y:1994:i:1:p:77-89
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    Cited by:

    1. Barrio, Melina & Loureiro, Maria L., 2010. "A meta-analysis of contingent valuation forest studies," Ecological Economics, Elsevier, vol. 69(5), pages 1023-1030, March.
    2. Kijazi, Martin Herbert & Kant, Shashi, 2010. "Forest stakeholders' value preferences in Mount Kilimanjaro, Tanzania," Forest Policy and Economics, Elsevier, vol. 12(5), pages 357-369, June.
    3. Kijazi, Martin Herbert & Kant, Shashi, 2011. "Evaluation of welfare functions of environmental amenities: A case of forest biomass fuels in Mount Kilimanjaro, Tanzania," Ecological Economics, Elsevier, vol. 72(C), pages 129-139.

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