Olssen, Alex; Zhang, Wei; Evison, David; Kerr, Suzi - Motu: Economic & Public Policy Research - 2012
In this paper, we construct a dataset of annual expected forest profits in New Zealand from 1990–2008 at a fine spatial resolution. We do not include land values in any of our profit calculations. We estimate four measures of expected forest profits based around net present value (NPV), land...