Current issue: 54(2)
A brief overview of forestry in European Community (EC) of the 9 is presented. Forestry incentives seem necessary for increasing timber production on private ownership in order to avoid possible price inflation.
In the economic analysis of the program evaluation method proposed here to assess the efficiency of such incentives, a broad EC perspective is recommended to avoid erroneous conclusion. The evaluation made from the prospect of a member country only is artificial and is influenced by EC policies anyway. The evaluation changes depending on whether these EC policies are considered given and immutable or not.
A methodology to evaluate forestry programs aimed at increasing timber supply from nonindustrial private forests is presented that aggregates the marginal social cost and marginal social benefit of a sample program participants and compares them in a benefit-cost efficiency ratio. The paper exposes a methodology followed to evaluate several forestry programs in Massachusetts, USA, and discusses its advantages and inconveniences compared to the other methodologies that have been used for the same purpose. The marginal analysis is based on detailed property and landowner behaviour surveys which are costly but represent a good standard to compare the performance of other approaches.
The PDF includes a summary in Finnish.