Net accumulation of timber resources
Publication
, Journal Article
Vincent, JR
Published in: Review of Income and Wealth
January 1, 1999
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.
Duke Scholars
Published In
Review of Income and Wealth
DOI
ISSN
0034-6586
Publication Date
January 1, 1999
Volume
45
Issue
2
Start / End Page
251 / 262
Related Subject Headings
- Economics
- 1402 Applied Economics
- 1401 Economic Theory
Citation
APA
Chicago
ICMJE
MLA
NLM
Vincent, J. R. (1999). Net accumulation of timber resources. Review of Income and Wealth, 45(2), 251–262. https://doi.org/10.1111/j.1475-4991.1999.tb00331.x
Vincent, J. R. “Net accumulation of timber resources.” Review of Income and Wealth 45, no. 2 (January 1, 1999): 251–62. https://doi.org/10.1111/j.1475-4991.1999.tb00331.x.
Vincent JR. Net accumulation of timber resources. Review of Income and Wealth. 1999 Jan 1;45(2):251–62.
Vincent, J. R. “Net accumulation of timber resources.” Review of Income and Wealth, vol. 45, no. 2, Jan. 1999, pp. 251–62. Scopus, doi:10.1111/j.1475-4991.1999.tb00331.x.
Vincent JR. Net accumulation of timber resources. Review of Income and Wealth. 1999 Jan 1;45(2):251–262.
Published In
Review of Income and Wealth
DOI
ISSN
0034-6586
Publication Date
January 1, 1999
Volume
45
Issue
2
Start / End Page
251 / 262
Related Subject Headings
- Economics
- 1402 Applied Economics
- 1401 Economic Theory