Effective institutional property rights are increasingly becoming an important part in the allocation of scarce forest resources and to combat the “tragedy of the commons” thesis. Our paper outlines conceptual, analytical and theoretical aspects of forest institutional property rights and an...

One of the remaining challenges in explaining differences in total factor productivity is heterogeneity between sectors and within a specific sector in terms of labor and capital. This paper employs the generalized method of moments (GMM) to identify factors that affect total factor productivity...