AN ECONOMIC ASSESSMENT OF THE INFLUENCE OF CHANGED PROPERTY RIGHTS ON FOREST MANAGEMENT
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The shrift towards the private ownership in the forestry recourses in the transition countries of the Central and Eastern Europe promotes the forest values and their development in the diversified ways. In this paper, we provide a general equilibrium model assisting in estimation of the forest management practices on the regional level by comparing the different ownership structures and the public policy measures. The model is applied for the county of Banska Bystrica in Slovakia. The results provide an integrated tool identifying possibilities to address strategic development at the regional level that relates to the improvement of local well-being and sustainability applicable in the other regions with the diversified forest ownership structure.
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