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This document outlines the development of the dynamic functions and simple algorithms that make up the Land Use in Rural New Zealand (LURNZ) land-use intensity module. The module includes stocking rate functions for dairy, sheep, and beef livestock; fertiliser intensity functions for dairy and...
Persistent link: https://www.econbiz.de/10005413318
Several different New Zealand economic models produce measures of rural economic activity that have greenhouse gas implications. For climate change analysis, models need to translate economic activity into greenhouse gas emissions. This document estimates functions and creates projections for...
Persistent link: https://www.econbiz.de/10005413320
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...
Persistent link: https://www.econbiz.de/10010566998
price risk. This paper examines the way forward markets, futures markets, and carbon lending markets could be used to manage … this risk. It argues that carbon lending markets are likely to be the most convenient form for foresters, as they allow the … total returns from forestry investments to be increased with minimal risk. The carbon units can be lent to industrial firms …
Persistent link: https://www.econbiz.de/10009001944
This paper surveys the existing literature on diffusion of environmentally beneficial technology. Overall, it confirms many of the lessons of the larger literature on technology diffusion: diffusion often appears slow when viewed from the outside; the flow of information is an important factor in...
Persistent link: https://www.econbiz.de/10010856274
Risk (and often the certainty) of adverse environmental outcomes motivates environmental regulation; other risks also … affect welfare outcomes. Economic instruments are one way to reduce environmental risk while maintaining flexibility that … explored some aspects of risk and economic instruments in great detail, other risks have been largely ignored. Actual and …
Persistent link: https://www.econbiz.de/10010712598
We construct an annual land value database at the meshblock (MB) level for the Greater Auckland region. The database provides a resource for research work that requires land values (per hectare) across the region. The data is based on valuation records sourced from Quotable Value New Zealand...
Persistent link: https://www.econbiz.de/10005413333
Using the simulation model Land Use in Rural New Zealand version 1 -climate (LURNZv1-climate), we simulate the effects of an agricultural land-use emissions charge and a reward for native forest and scrub regeneration. Our results are preliminary and at this stage should be considered...
Persistent link: https://www.econbiz.de/10005561856
Rural land use is important for New Zealand’s economic and environmental outcomes. Using a dynamic econometric model and recent New Zealand data, we estimate the response of land use to changing economic returns as proxied by relevant commodity prices. Because New Zealand is small, export...
Persistent link: https://www.econbiz.de/10010567000
environment will suffer because the credits will not reflect truly additional carbon storage. This paper considers the nature of …
Persistent link: https://www.econbiz.de/10005413337