Hyde, Amacher, and Magrath (1996) imply that deforestation and timber rents (logging revenue minus logging costs other than timber fees) are not subjects that justify policymakers' attention, arguing that market responses limit the scope of deforestation and that rents are usually small. But they fail to recognize that land markets will not develop efficiently, nor will efficient levels of forestry investments occur, when policy distortions and other...
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INFORMATION
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1998/02/01
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76610
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1
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1
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2013/04/15
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Disclosed
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Deforestation and forest land use : a comment
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computable general equilibrium model
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