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A Cost-Benefit Analysis of Frestry in the British Isles: The Case of Nothern Ireland


  • Kula, Erhun


The British Isles are one of the most favourable locations for afforestation in Europe. Their mild and moist climate and soil types are ideal for tree growth. Despite their comparitive advantage, however, the islands are the second baldest spot in Europe, with tree coverage only about 7 percent of the total land surface. The main reason for the neglect of forestry in the islands is that the ground rules laid down to evaluate public sector investments in the UK proved to be unsuitable for afforestation projects, which are mostly carried out by the government. Those rules, erroneously, made forestry a low return investment. In the face of recent developments in the theory of social time discounting, this paper reevaluates the worth of forestry projects in the UK with ullustrations from the case of Northern Ireland.

Suggested Citation

  • Kula, Erhun, 1987. "A Cost-Benefit Analysis of Frestry in the British Isles: The Case of Nothern Ireland," 1987 Occasional Paper Series No. 4 197413, International Association of Agricultural Economists.
  • Handle: RePEc:ags:iaaeo4:197413

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    References listed on IDEAS

    1. E Kula, 1984. "Justice and efficiency with the sum of discounted consumption flows method," Environment and Planning A, Pion Ltd, London, vol. 16(6), pages 835-838, June.
    2. E Kula, 1984. "Discount factors for public sector investment projects using the sum of discounted consumption flows -- estimates for the United Kingdom," Environment and Planning A, Pion Ltd, London, vol. 16(5), pages 689-694, May.
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