Projecting modest future growth for both prices and harvest levels, this study, first published in 1990, provides theoretical and empirical justification for challenging the conventional wisdom that real timber prices will rise for the indefinite future. The study presents fifty-year projections of regional and world harvest levels, world market price, and investments in forest regeneration by region. This book will be of particular interest to students of economics and environmental studies.

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Sedjo, Roger A.; Lyon, Kenneth S.

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