Net accumulation of timber resources


Journal Article

National accounting issues related to forest resources have attracted much attention recently. The net-depletion method, the most popular method for estimating aggregate changes in the value of timber stocks, tends to overstate both the depreciation of mature forests due to harvests and the appreciation of immature forests due to growth. Alternative, correct methods, which I term the net-price and El Serafy variations, can be derived from an asset valuation model that takes forest age into account. An empirical example indicates that estimates from the net-depletion method can deviate from actual values by up to 40 percent for some age classes.

Full Text

Duke Authors

Cited Authors

  • Vincent, JR

Published Date

  • January 1, 1999

Published In

Volume / Issue

  • 45 / 2

Start / End Page

  • 251 - 262

International Standard Serial Number (ISSN)

  • 0034-6586

Digital Object Identifier (DOI)

  • 10.1111/j.1475-4991.1999.tb00331.x

Citation Source

  • Scopus