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The Economic Impacts Of Forest Timber Methods In Washington State: A Hedonic Approach, Kaleb Javier
The Economic Impacts Of Forest Timber Methods In Washington State: A Hedonic Approach, Kaleb Javier
All Master's Theses
Washington State is one of the nation’s leaders in timber production. This paper establishes literature gap regarding the economic impacts of forest timber management methods. In this research, I employ a data set of 170,141 home sales across eleven counties of western Washington to estimate the impact that even-age and uneven-age forest cutting methods have on the local real-estate market. I estimate two sets of hedonic fixed effect regression models to control for omitted variable bias and spatial autocorrelation. The results show statistically significant impacts on property values for both cutting methods, adding important information for forest managers.
The Economic Impacts Of Forest Pathogens In Washington State: A Hedonic Approach, Logan Blair
The Economic Impacts Of Forest Pathogens In Washington State: A Hedonic Approach, Logan Blair
All Master's Theses
An increase in the incidence of forest pathogens in the Western US has created new resource management issues. In this research I employ a dataset of 170,141 housing transactions in twelve Western Washington counties to quantify the impacts of parasitic forest damage on the proxy real estate market. Specifically, I estimate a set of hedonic fixed effects models to control for omitted variable bias and spatial autocorrelation. Results show statistically significant impacts on property values in the presence of species specific and aggregate defoliation, suggesting new information for forestry management and policy.