Differences in silvicultural investment under various types of forest tenure in British Columbia

Abstract

This paper presents empirical evidence on the relationship between forest tenure and investment in silviculture. Silvicultural activities and expenditures on a large number of recently logged tracts in British Columbia, under four distinct forms of tenure, are assessed using a silvicultural investment model based on the conventional theory of capital. The empirical results indicate that silvicultural investment is correlated with security of tenure, and the level of investment under the most secure form-private land- is more than 67% greater than that under the least secure form-Forest Licences.