Deforestation is a phenomenon that has largely been concentrated in the developing world. We construct a theoretical model of deforestation that focuses on the factors affecting the incentives to transform forested land into agricultural land. We show that: (i) lower discount rates (associated...

Based on an annual sample of 122 countries over the 1963-1994 period, this paper shows that real exchange rate depreciation reduces deforestation in relatively developed countries (with GDP per capita greater than $900) whereas it has the opposite effect in poor countries. A possible explanation...

Based on an annual sample of 122 countries over the 1963-1994 period, this paper shows that real exchange rate depreciation reduces deforestation in relatively developed countries (with GDP per capita greater than $900) whereas it has the opposite effect in poor countries. A possible explanation...

Deforestation is a phenomenon that has largely been concentrated in the developing world. We construct a theoretical model of deforestation that focuses on the factors affecting the incentives to transform forested land into agricultural land. We show that: (i) lower discount rates and stronger...

Deforestation is a phenomenon that has largely been concentrated in the developing world. We construct a theoretical model of deforestation that focuses on the factors affecting the incentives to transform forested land into agricultural land. We show that: (i) lower discount rates and stronger...