Computing the Socially Optimal Forest Stock for the Ivory Coast

Simeon K. Ehui and Thomas Hertel

No 197721, 1989 Occasional Paper Series No. 5 from International Association of Agricultural Economists

Abstract: A two-sector dynamic model is used to determine the optimal steady-state forest stock for the Ivory Coast. The optimal stead-state forest stock is shown to be most sensitive to changes in the discount rate and the expected technoligcal change. When agricultural technology is assumed to be stagnant, the forest stock is not completely exhausted in the optimal steady-state situation. However, with continual technological change, eventually clearing all the forest lands is optimal.

Keywords: Environmental; Economics; and; Policy (search for similar items in EconPapers)
Pages: 8
Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:ags:iaaeo5:197721

DOI: 10.22004/ag.econ.197721

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