The role of economic diversity in regional stability and growth is examined. Contrary to "conventional wisdom" the empirical literature has been unable to confirm the link between diversity and economic performance. Traditional notions of diversity tend to be defined narrowly, usually...

"Forestry Economics introduces students and practitioners to the economics of managing forests and forest enterprises. The book adopts the approach of managerial economics textbooks and applies this to the unique problems and production processes faced by managers of forests and forest...

1. Introduction -- 2. Production systems -- 3. Costs -- 4. Revenue -- 5. Profit -- 6. Supply and demand -- 7. Market equilibrium and structure -- 8. Capital theory : investment analysis -- 9. The forest rotation problem -- 10. Capital theory : risk -- 11. Forest taxes -- 12. Estimating nonmarket...

"Forestry Economics introduces students and practitioners to the economics of managing forests and forest enterprises. The book adopts the approach of managerial economics textbooks and applies this to the unique problems and production processes faced by managers of forests and forest...

Economic diversity has been promoted as a means to achieve the goals of stability and growth. However, the link between diversity, diversification and economic performance depends on the differences, both conceptually and empirically, between diversity and diversification. Unfortunately, the...

Diameter-limit cutting of stands in the US northeast is a common practice often thought to give the landowner the highest financial returns. A landowner's decision to diameter-limit cut or use some other harvesting option on a given stand involves examining mutually exclusive investments....