The steady-state treatment of forestry in CGE models

Forest conservation in the Philippines: An economic assessment of selected policy responses using a computable general equilibrium model

“…This is considered ineffective in encouraging conservation efforts amongst logging concessionaires. Simulations conducted by Stenberg and Siriwardana (2006) show that rotation periods should be around 30 years at least to encourage conservation efforts given harvest age of around 50 years. Hence, increasing the tenure length from 25 years to 30 or to 60 years would reduce uncertainty in the logging industry thus effectively reducing the discount rate in forestry.…”