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DETERMINANTS OF NON-TIMBER VALUE IN NORTHERN HARDWOODS: A FRAMEWORK FOR FOREST RESOURCE ACCOUNTING
Riccardo Scarpa Joseph Buongiorno,
Jiin-Shyang Hseu and
1998 Annual meeting, August 2-5, Salt Lake City, UT from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
We propose a revealed-preference based definition of non-timber values and apply it to uneven-aged northern hardwoods in Wisconsin. Non-timber values so defined are found to be sizeable. Hedonic regressions reveal theoretically consistent signs and plausible magnitudes of determinants. Regional forest policy and natural resource accounting can both apply this concept.
Keywords: Environmental Economics and Policy (search for similar items in EconPapers)
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