RESEARCH GROUP
Forest Economics
Updated: June 2025
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Forest economics studies the management of forests with the aim of achieving the greatest sustainable benefits to society. Forests produce a multitude of benefits ranging from extractive (e.g. timber) and non-extractive (e.g. recreation, carbon sequestration) uses to non-use values.
Forest economists take into consideration tangible and intangible consequences of forest resource management, including conservation, to compare different outcomes. By examining trade-offs in outcomes, including impacts to landowners, industry, and society as a whole, forest economics helps guide land management, resource utilization and public policy.