Stationary Forestry with Human Interference

Petri P. Kärenlampi
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Petri P. Kärenlampi: Faculty of Science, University of Eastern Finland, PO Box 111, FIN-80101 Joensuu, Finland

Sustainability, 2018, vol. 10, issue 10, 1-17

Abstract: Here, we present stationarity criteria for forest stands and establish ecological embodiments using an empirical stand development model. We introduced human interference in terms of diameter-limit cutting. Financial sustainability was investigated as a function of the cutting limit diameter. It was found that nonoperative capitalization along with its appreciation rate dictates the sustainability of management practices. In the absence of nonoperative capitalization, stationary forestry produces high capital return rates at a rather small volume of growing trees. In the case of large but constant nonoperative capitalization, a large operative capitalization resulting in a large harvesting yield provides the best capital returns. A high nonoperative appreciation rate requires a small volume of growing trees.

Keywords: stationarity criterion; diameter-limit cutting; financial return; real estate; appreciation rate (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:10:y:2018:i:10:p:3662-:d:175363

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