Changing societal values due to accelerating urbanization will likely shape the next frontier of forest economics in several important ways. First, as a growing number of urban dwellers become wealthier, their desire for greater forest recreational opportunities will increase, resulting in higher...

Prevailing societal values have enthroned sustainable forest management (SFM) as a new paradigm governing forest practices. Calling for respecting a range of dynamic conditions instead of a single, static target, SFM differs from conventional forest management on account of its acceptance of...

This special issue of Forest Policy and Economics is based on the papers presented and discussions held at the International Conference on the New Frontiers of Forest Economics, June 26-30, 2012 held at ETH, Zurich, Switzerland. This paper discusses the need of new frontiers of forest economics,...

Developing national reserve forest can alleviate the supply-demand conflict of timber in China, and plays a crucial role in the implementation of national forestry programs. However, national reserve forest program has been challenged by a range of difficulties in financing such as the difficulty...

Climate change has put the world's forests under new and increasingly complex challenges. As a country endowed with rich forest resource, Canada bears the brunt of climate change challenges. How to respond these challenges, ensure the better climate-resilient forest resources and thus achieve the...

Forestland tenure and financial incentives are the most important policy issue to sustainable forest resource management. The new wave of reform of collective forestland tenure (NRCFT) has been launched since 2003 and the governmental matching reform measures (MRMs) for the NRCFT have been...

Payments for ecosystem services (PES) have attracted broad international attention as a novel approach of using economic incentives to address the loss of valuable ecosystem services. However, there has been inadequate work investigating the basic question of how to design and execute a PES...

Both the reform of forestland tenure and timber market liberalization are important for forest resources management worldwide. This paper employs a unique provincial level panel dataset of 8 National Forest Resource Inventories and related price and investment data to estimate the effects on the ...

Forestry is not an entity. Forestry includes countless and complex types of human interactions concerning forests. Humans have found complex and nearly endlessly diverse institutional structures. Differences in the results of interactions are often caused by different institutional structures....

Traditionally, forestry professionals in the United States have believed that forest management is a scientific discipline that should be undertaken by value-neutral experts. This understanding originated in the progressive era, typically dated from 1890 to 1920, as part of a wider progressive...