Next Article in Journal
Performance of Four Optical Methods in Estimating Leaf Area Index at Elementary Sampling Unit of Larix principis-rupprechtii Forests
Previous Article in Journal
Developing a Scene-Based Triangulated Irregular Network (TIN) Technique for Individual Tree Crown Reconstruction with LiDAR Data
Open AccessEditor’s ChoiceArticle

Multifunctional Forestry and Interaction with Site Quality

1
Department of Economics, Swedish University of Agricultural Sciences, Box 7013, 75007 Uppsala, Sweden
2
Environment for Development Initiative, University of Gothenburg, Box 645, SE 405 30 Gothenburg, Sweden
*
Author to whom correspondence should be addressed.
Forests 2020, 11(1), 29; https://doi.org/10.3390/f11010029
Received: 16 November 2019 / Revised: 12 December 2019 / Accepted: 18 December 2019 / Published: 23 December 2019
(This article belongs to the Section Forest Economics and Human Dimensions)
Several studies have shown the economic value of various ecosystem services provided by the forest. However, the economic value of how site-specific ecological conditions interact with other functions provided by the forest, such as timber value and carbon sequestration, has been less studied. As a result, this paper constructs a numerical discrete dynamic optimization model to estimate the economic value of site quality, taking into account its interaction with timber value and carbon sequestration, in Swedish forests. Analytical results show that the inclusion of the interaction of site quality with forest growth affects the optimal volume of harvest per year, compared to the case without consideration of site quality. The empirical results show that net present value, when considering timber values plus carbon sequestration and site quality interaction, is higher than the case where only timber and carbon sequestration were considered. However, the calculated net present value is sensitive to, in particular, the price of carbon sequestration and discount rate. View Full-Text
Keywords: timber benefit; ecological site quality; carbon sequestration; forest; Sweden timber benefit; ecological site quality; carbon sequestration; forest; Sweden
Show Figures

Figure 1

MDPI and ACS Style

Gren, I.-M.; Amuakwa-Mensah, F. Multifunctional Forestry and Interaction with Site Quality. Forests 2020, 11, 29.

Show more citation formats Show less citations formats
Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Article Access Map by Country/Region

1
Back to TopTop