This research investigates the impact of forest certification on the international trade of timber products. Forest certification has become an important signal to consumers and business buyers about a company's commitment to sustainable development. What, if any, economic benefits accrue to firms...

We analysed the degree of price cointegration among pine log markets in northeast Argentina, Paraná State of Brazil, and Uruguay by examining price series over the period 2008--2020. We evaluated the cointegration of price series of the same product through the study regions. In the same way, we...

State-owned forest enterprises (SOFEs) in northeast China have experienced past economic loss and environmental degradation, causing government to seek reforms. Measurement of technical efficiency allows us to evaluate overall trends and how reforms affect production of social and environmental...

As a long-term investment, timberland investments offer financial benefits including portfolio diversification, attractive risk/return profile, an inflation hedge, and the potential of cash flow. Based on interviews with experts regarding ranges of input parameters used in single-hectare financial...

The South of Brazil is one of the most attractive regions for timberland investments in the world. High productivity and relatively attractive timber prices have gained attention from timberland investors. However, as in most emerging countries, it is not very clear how prices are transmitted...

Forest resources are critical to environmental, economic, and social development, and there is substantial interest in understanding how global forest area will evolve in the future. Using an Environmental Kuznets Curve (EKC) model of total forest area that we updated using more recent data sets,...

Local communities own approximately 45% of Mexico's forests and have relative autonomy to manage them. Some of these communities have established community forest enterprises (CFEs) in order to generate benefits, such as jobs. However, if CFEs focus mainly on community benefits, and lose sight of...

This paper assesses the market power of pulpwood mills in different regions of the U.S. We estimated the conjectural elasticity, elasticities of substitution and price elasticities for the delivered price at the mill in Southeast and North U.S. and the stumpage in the Southeast. We assembled data...

There is rising global interest in growing more trees in order to meet growing population, climate change, and wood energy needs. Using recently published data on planted forests by country, we estimated relationships between per capita income and planted forest area that are useful for...

Topics discussed include private property rights and tenure; landowner objectives and characteristics, markets and government policies.