Tasa de descuento y rotación forestal: el caso del Eucalyptus Saligna

• Main Authors: Camilo Ernesto Restrepo Estrada, Mauricio Alviar Ramírez
• Format: Article
• Language: English
• Published: Universidad de Antioquia 2010-12-01
• Series: Lecturas de Economía
• Subjects: Net present value; year of harvest; discount rate; optimal rotation; eucalyptus; Colombia
• Online Access: http://aprendeenlinea.udea.edu.co/revistas/index.php/lecturasdeeconomia/article/view/7869/7410

Eucalyptus is one of the most important economical and environmental species in Colombia. The main goal of this article is to study the relationship between the discount rate and the year of Eucalyptus Saligna optimal harvest, through the Fisher and Hotelling’s method. The methodology consists of calculating the maximum Net Present Value and performing a sensitivity analysis between the year of harvest and the discount rate. The area of study is located in the eastern region of the state of Antioquia, where data was available. The results suggest that the optimal year of harvest has an inversely proportional relation with the discount rate, and it decreases for higher rates.