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UBC Theses and Dissertations
Two- and three-dimensional velocity structure of the southwestern Canadian Cordillera from seismic refraction data Zelt, Barry Curtis
Abstract
The forest tenure system in British Columbia is a fundamental element of provincial forest policy with important economic implications. The effect of tenure on land value and forest management has generated a great deal of speculation, but the lack of empirical information has hindered informed debate. This thesis contributes to this need for empirical information. Forest property rights are described in terms of bundles of characteristics. Analyzing differences in these characteristics locates each form of tenure in the spectrum from complete property rights to the complete absence of property rights. A model for predicting land value and the intensiveness of forest management is developed. An event study of forest policy changes, and a hedonic study, are used to analyze the value of thinly traded forest tenures and that of frequently traded tenures, respectively. The results suggest that the particular property characteristics embodied in a specific form of tenure are important factors in determining the value of forest lands. This thesis also analyzes empirically the effect of forest tenure on silvicultural investment and the quality of forest practices. The results show that variations in silvicultural investment and forest practice are strongly related to the specific characteristics of forest tenure. Variations in land value, silvicultural investment and productivity are attributed to differences in tenure characteristics: a strong and complete form of tenure leads to high land value, high investment and high outputs. Policy implications of this thesis are discussed, and research needs are identified.
Item Metadata
| Title |
Two- and three-dimensional velocity structure of the southwestern Canadian Cordillera from seismic refraction data
|
| Creator | |
| Publisher |
University of British Columbia
|
| Date Issued |
1994
|
| Description |
The forest tenure system in British Columbia is a fundamental element of provincial forest
policy with important economic implications. The effect of tenure on land value and forest
management has generated a great deal of speculation, but the lack of empirical information has
hindered informed debate.
This thesis contributes to this need for empirical information. Forest property rights are
described in terms of bundles of characteristics. Analyzing differences in these characteristics locates
each form of tenure in the spectrum from complete property rights to the complete absence of
property rights. A model for predicting land value and the intensiveness of forest management is
developed.
An event study of forest policy changes, and a hedonic study, are used to analyze the value
of thinly traded forest tenures and that of frequently traded tenures, respectively. The results suggest
that the particular property characteristics embodied in a specific form of tenure are important factors
in determining the value of forest lands.
This thesis also analyzes empirically the effect of forest tenure on silvicultural investment and
the quality of forest practices. The results show that variations in silvicultural investment and forest
practice are strongly related to the specific characteristics of forest tenure.
Variations in land value, silvicultural investment and productivity are attributed to differences
in tenure characteristics: a strong and complete form of tenure leads to high land value, high
investment and high outputs. Policy implications of this thesis are discussed, and research needs are
identified.
|
| Extent |
3726987 bytes
|
| Genre | |
| Type | |
| File Format |
application/pdf
|
| Language |
eng
|
| Date Available |
2009-04-15
|
| Provider |
Vancouver : University of British Columbia Library
|
| Rights |
For non-commercial purposes only, such as research, private study and education. Additional conditions apply, see Terms of Use https://open.library.ubc.ca/terms_of_use.
|
| DOI |
10.14288/1.0075296
|
| URI | |
| Degree | |
| Program | |
| Affiliation | |
| Degree Grantor |
University of British Columbia
|
| Graduation Date |
1994-11
|
| Campus | |
| Scholarly Level |
Graduate
|
| Aggregated Source Repository |
DSpace
|
Item Media
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Rights
For non-commercial purposes only, such as research, private study and education. Additional conditions apply, see Terms of Use https://open.library.ubc.ca/terms_of_use.