Skip Navigation

Forestry 1997 70(3):171-189; doi:10.1093/forestry/70.3.171-a
© 1997 by Institute of Chartered Foresters
This Article
Right arrow Full Text (PDF)
Right arrow Alert me when this article is cited
Right arrow Alert me if a correction is posted
Services
Right arrow Email this article to a friend
Right arrow Similar articles in this journal
Right arrow Alert me to new issues of the journal
Right arrow Add to My Personal Archive
Right arrow Download to citation manager
Right arrowRequest Permissions
Google Scholar
Right arrow Articles by PRICE, C.
Right arrow Search for Related Content
Social Bookmarking
Add to CiteULike   Add to Connotea   Add to Del.icio.us  
What's this?

Twenty-five years of forestry cost—benefit analysis in Britain

C. PRICE

School of Agricultural and Forest Sciences, University of Wales Bangor, Gwynedd, LL57 2UW, UK

Since the 1972 cost-benefit study attempted to value a full range of forestry costs and benefits in Britain, there have been many studies of some or all of these. Everyone agrees that forestry has a low rate of return, which is improved if land and labour have low opportunity cost, and that the discount rate used is a crucial variable. Effects on watercourses tend to be negative, those on CO2 positive, but there is disagreement about the appropriate prices. Recreation benefits are site and forest-type dependent, and, though they are often substantial, can only be legitimately claimed to the extent that they add to overall system capacity. Intractable landscape and wildlife values are yielding with difficulty to economic enquiry. Overall, 25 years have seen progress in cost-benefit analysis, but there remain unsolved problems, old and new.

Received 18 February 1997.
Add to CiteULike CiteULike   Add to Connotea Connotea   Add to Del.icio.us Del.icio.us    What's this?




Disclaimer:
Please note that abstracts for content published before 1996 were created through digital scanning and may therefore not exactly replicate the text of the original print issues. All efforts have been made to ensure accuracy, but the Publisher will not be held responsible for any remaining inaccuracies. If you require any further clarification, please contact our Customer Services Department.