Current issue: 53(4)

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Impact factor 1.683
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Silva Fennica 1926-1997
1990-1997
1980-1989
1970-1979
1960-1969
Acta Forestalia Fennica
1953-1968
1933-1952
1913-1932

Articles containing the keyword 'economic efficiency'.

Category: Review article

article id 378, category Review article
Yaoqi Zhang, Daowei Zhang, John Schelhas. (2005). Small-scale non-industrial private forest ownership in the United States: rationale and implications for forest management. Silva Fennica vol. 39 no. 3 article id 378. https://doi.org/10.14214/sf.378
The transaction cost approach is used to explain why small non-industrial private forest (NIPF) ownerships are increasing in the U.S. We argue that the number of small NIPF owners have increased because: 1) a significant amount of forestland is no longer used economically if primarily for timber production, but rather for non-timber forest products and environmental services (particularly where population density is high), 2) when a person makes frequent use of non-timber products and services, owning forestland is more efficient for them because it saves the transaction costs involved in getting them from the market, 3) forestland parcelization takes place when non-timber value increases faster than timber value, and 4) marginal value for non-timber product is diminishing much faster than that for timber production. The paper also discusses implications of the parcelization of NIPF ownerships on forest management.
  • Zhang, School of Forestry & Wildlife Sciences, Auburn University, AL 36849-5418, USA ORCID ID:E-mail: yaoqi.zhang@auburn.edu (email)
  • Zhang, School of Forestry & Wildlife Sciences, Auburn University, AL 36849-5418, USA ORCID ID:E-mail:
  • Schelhas, Southern Research Station, USDA Forest Service, Tuskegee University, AL, USA ORCID ID:E-mail:

Category: Article

article id 7679, category Article
Ville Ovaskainen. (1992). Forest taxation, timber supply, and economic efficiency. Acta Forestalia Fennica no. 233 article id 7679. https://doi.org/10.14214/aff.7679

The effects and relative efficiency of alternative forest taxes are analysed theoretically. The Fisherian two-period model of consumption, savings and timber harvesting is extended by incorporating the management intensity decision and deriving the concept of long-run timber supply. The effects of lump-sum (site productivity), realized income (yield) and ad valorem property taxes on short-run timber supply, management intensity, and long-run timber supply are established. As the core of the study, the alternative taxes are compared in order to determine the appropriate forest tax regime in terms of production efficiency. The efficiency criterion generally requires that the excess burden of taxation at any given tax revenue should be kept to a minimum. The study distinguishes between an initially undistorted economy and an economy with pre-existing distortions due to capital income taxation (interest charge deductions). When the effects on forest management decisions of forest and capital income taxes are considered as a whole, a neutral forest taxation is no longer efficient. The non-timber benefits of a forest are incorporated to examine the robustness of the tax results with respect to the objective function. Finally, forest tax issues specific to Finland are considered, and administrational and equity aspects are discussed.

The PDF includes a summary in Finnish.

  • Ovaskainen, ORCID ID:E-mail:

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