Päiviö Riihinen

Economic models underlying forest policy programs : an evaluation of ends and means

Riihinen P. (1963). Economic models underlying forest policy programs : an evaluation of ends and means. Acta Forestalia Fennica vol. 75 no. 5 article id 7139. https://doi.org/10.14214/aff.7139

Abstract

The purpose of this study was to analyse economic models used in certain studies and to evaluate whether the economic theory envisaged by a model is consistent with its aims in forest policy. Second, the paper will point out assumed improvements for models that can be used as a basis for forest policy.

There are two types of economic models according to their purpose. One type, the marketing models, can be used for explaining or forecasting the consumer’s behaviour with no intension to affect the economies to be gained from the alternative patterns of behaviour explained. Others, the policy models, are meant to serve as guideposts which by means of normative forecasts point out the programme to be followed in order to attain certain aims. The majority of the policy models are static. The paper assesses the static models, and evaluates how well they fit their purpose. Special attention is given to dynamic economic models. A dynamic model can, at least in principle, be used to explain the course of events during the adjustment period required to achieve a production goal.

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Keywords
forest policy; economic models; economic theories; marketing models; policy models; static models

Published in 1963

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Available at https://doi.org/10.14214/aff.7139 | Download PDF