Institutional timberland investment in South and Central America

Daowei Zhang

Forest Policy and Economics, 2022, vol. 135, issue C

Abstract: In this paper I investigate the origins, trend, and drivers of institutional timberland investment in South and Central America. I note that domestic institutions in South America are a distinctive source of, and a significant contributor to, the rise of institutional timberland investment in the world in the last six-plus decades. I further show that foreign institutions have increased their timberland investment in the region since the 1990s, motivated by seeking high risk-adjusted returns. Finally, I explain this trend and the per-acre timberland value in South and Central America.

Keywords: Timberland investment; Returns; Risk; Institutional investors; Timberland value (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:eee:forpol:v:135:y:2022:i:c:s1389934121002690

DOI: 10.1016/j.forpol.2021.102663

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