The effects on hydrological processes of the application of the landscape level measures included in the sustainable forestry initiative (SFI) program were analyzed through simulation. A landscape scenario where limitation of harvesting units’ size, imposition of a green-up interval, and...

The Faustmann theory of discounted cash flow analysis remains relevant in our modern dynamic environment in which periodic reassessment of various alternatives to ongoing forest investments is necessary. The periodic reassessment can be done using the Alternative Test (ALT) approach, which...

In this paper, we address governance by analysing the relevant institutions and investigating their impact on economic and environmental performance in Ukrainian forestry. The research questions are: how does the transition to a market economy affect the forest institutions and what are the...

This paper provides a critical examination of the implicit assumption in steady-state forestry modelling, particularly those employed in CGE models. That is, forests are characterised by steady-state conditions. Therefore, a conceptual model is developed to examine if there is a tendency for...