Purpose
The purpose of this paper is to analyze the influence of different factors on forestry production, with an aim to explore the degree of connection between forestry economic growth and influencing factors such as forestry investment, labor input, afforestation area, scientific and technologies progress, and the reform of property-rights regimes.
Design/methodology/approach
According to the data of China Forestry Statistical Yearbook from 1978 to 2017, this paper uses the grey correlation analysis to observe and analyze the factors influencing China’s forestry economics growth.
Findings
The results show that capital investment demonstrates the largest impact on the forestry output value, followed by property system, afforestation area, labor input and technologies progress. The correlation coefficients of the above factors are 0.874451654,0.85827468,0.835138412,0.832985604 and 0.825747493. This means that forestry capital investment plays a major role in contributing to forest economic growth; forest property system also plays a positive role in the growth of forestry economy.
Originality/value
This paper uses continuous data collected during 1978‒2017, which are quite extensive as compared to data used in the existing research, considering the influencing factors are comprehensive, especially the impact of property right system reform on forestry economic growth.
In order to improve environmental conditions and the well-being of its population, China has implemented one of the world's largest ecological rehabilitation projects of the early twenty-first century: The Nat ural Forest Protection Program (NFPP). This program aims to prevent deforestation
and conserve natural forests, mainly by banning logging. With heavy central government financing, the NFPP has profound global ecological and socioeconomic impacts. While most previous studies have focused on the positive aspects of the NFPP, some negative aspects should also be examined.
Chiefly, the NFPP does not fully address the untapped potential of the natural forest and the uses of this sustainable economic resource, which should be approached using nature-based solutions. Some major policy points in the NFPP, such as forest management, institutional design, diversified
funding resources, and comprehensive monitoring, need revision. This study of the NFPP can provide significant insights for other countries addressing urgent environmental issues.
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