- Tytuł:
- The unresolved problem of determining the forest interest rate
- Autorzy:
- Adamowicz, Krzysztof
- Powiązania:
- https://bibliotekanauki.pl/articles/989659.pdf
- Data publikacji:
- 2018
- Wydawca:
- Instytut Badawczy Leśnictwa
- Tematy:
-
forestry economics
value
forestry rate - Opis:
- Valuation of forests and their components is a significant problem, both for science and practice. At present, in many countries, the market of forest property is limited. As a result, no conclusions may be inferred on the forest value based on the information on forest purchase and sale transactions. In this situation, we apply static methods of forest valuation. The problem of forest statics has been discussed for years (e.g., Brukas et al. 2001; Chang 1983, 2001; Dieter 2001; Hartman 1976; Manley and Bare 2001; Mohring 2001; Zhang 2001; Viitala 2016). Static methods of forest valuation are well known. In the construction of the proposed mathematical formula (Eq. 6), the Faustmann theory was applied, concerning the economic equilibrium in forestry. Numerous modifications of his equation for economic equilibrium were used to develop, for example, an income method for forest valuation based on discounting the final value or prolongation of initial value. The forest interest rate is a key element in these equations. At present, there are no procedures for the establishment of this interest rate, which would be generally accepted by the scientific community. Therefore, the article presents and discusses selected concepts for determining the forest interest rate.
- Źródło:
-
Folia Forestalia Polonica. Series A . Forestry; 2018, 60, 2; 122-130
0071-6677 - Pojawia się w:
- Folia Forestalia Polonica. Series A . Forestry
- Dostawca treści:
- Biblioteka Nauki
Artykuł