TY - JOUR
T1 - New development in study of the faustmann optimal forest harvesting
AU - Feng, Wang
AU - Jinhong, Xu
AU - Brazee, Richard J.
N1 - Funding Information:
Acknowledgement: The article is funded by the Humanities and Social Sciences Youth Fund Program under Ministry of Education and the program name is “The research about risk avoidance behavior in the production process of Chinese farmers” (Grant no.09YJC790214).
PY - 2010/9
Y1 - 2010/9
N2 - Chinese forest resources have become very scarce in the face of rapid economic growth demand, while the reform of collective forest right system is in full swing across the country. It will directly affect the regeneration level of forest resources and the diverse ecological value functions. In this article, the mainstream model paradigm of forest economics, that is, the basic framework of the Faustmann model and its evolution process are made in a more detailed explanation, especially the extended model including considered silvicultural effort, tax subsidies, risk dynamic management, and forest regeneration factors are made in more detailed explanations. This article concludes with the future further research directions of forest economics, including the design of dynamic models that includes considered uneven-aged forest management, non-timber goods and services, dynamic forest models. The research reflects the general trend of interdisciplinary and cross-border.
AB - Chinese forest resources have become very scarce in the face of rapid economic growth demand, while the reform of collective forest right system is in full swing across the country. It will directly affect the regeneration level of forest resources and the diverse ecological value functions. In this article, the mainstream model paradigm of forest economics, that is, the basic framework of the Faustmann model and its evolution process are made in a more detailed explanation, especially the extended model including considered silvicultural effort, tax subsidies, risk dynamic management, and forest regeneration factors are made in more detailed explanations. This article concludes with the future further research directions of forest economics, including the design of dynamic models that includes considered uneven-aged forest management, non-timber goods and services, dynamic forest models. The research reflects the general trend of interdisciplinary and cross-border.
KW - Dynamic forest models
KW - Faustmann model
KW - Forest optimal harvesting
KW - Forest resources
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U2 - 10.1080/10042857.2010.10684989
DO - 10.1080/10042857.2010.10684989
M3 - Article
AN - SCOPUS:85010602985
SN - 1004-2857
VL - 8
SP - 38
EP - 43
JO - Chinese Journal of Population Resources and Environment
JF - Chinese Journal of Population Resources and Environment
IS - 3
ER -