Publication Date:
1986-08-01
Description:
A method is presented for analyzing an aggregate forest production function using the North Carolina forestry sector as a case study. A nonlinear Cobb–Douglas function that incorporates biological, ownership, and forest-type variables is used to model production. Two measures of production are used: (i) standing timber plus 10-year removals (INVENTORY) and (ii) net 10-year volume change plus 10-year removals (GROWTH). Results show greater stability in the function over time for the INVENTORY measure as opposed to the GROWTH measure. Inferences regarding productivity effects from ownership and forest type changes are also developed. For the INVENTORY measure, forest type more significantly influences the measure than does ownership. For the growth measure, however, both ownership and forest type significantly influence productivity.
Print ISSN:
0045-5067
Electronic ISSN:
1208-6037
Topics:
Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition
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