Implications of recreation demand for forest expansion in Great Britain
Language: English Series: Regional Studies ; 27(1) 1993, 29-39(11)Publication details: 1993Subject(s): Summary: The paper uses recent estimates for the value of non-priced recreation on the Forestry Commission estate to examine the implications for new forest investment in both financial and spatial terms. Using recreation as the sole additional criterion, the priority area for new planting should be lowland England. The addition of consumer surplus values from informal recreation could increase the internal rate of return above a test discount rate of 6% in some cases and produce positive net present values, in contrast to negative ones for timber production alone. (Journal abstracts)| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS48337 (Browse shelf(Opens below)) | 1 | Available | 66249-1001 |
The paper uses recent estimates for the value of non-priced recreation on the Forestry Commission estate to examine the implications for new forest investment in both financial and spatial terms. Using recreation as the sole additional criterion, the priority area for new planting should be lowland England. The addition of consumer surplus values from informal recreation could increase the internal rate of return above a test discount rate of 6% in some cases and produce positive net present values, in contrast to negative ones for timber production alone. (Journal abstracts)