Projecting modest future growth for both prices and harvest levels,
this study, first published in 1990, provides theoretical and
empirical justification for challenging the conventional wisdom
that real timber prices will rise for the indefinite future. The
study presents fifty-year projections of regional and world harvest
levels, world market price, and investments in forest regeneration
by region. This book will be of particular interest to students of
economics and environmental studies.
General
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