Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/109302 
Year of Publication: 
2007
Series/Report no.: 
ERD Working Paper Series No. 100
Publisher: 
Asian Development Bank (ADB), Manila
Abstract: 
Empirical studies on the impact of the individual rate of time preference (IRTP) on natural resource use are scarce. This paper investigates the impact of IRTP on forest resources harvesting from the Sinharaja Man and Biosphere Reserve in Sri Lanka. The impact of IRTP on the harvest rate of forest resources was tested using a simultaneous equation model. Analysis of the determinants of IRTP shows that the base value and age of the respondents negatively influence the IRTP while risk perception positively influences the IRTP. More importantly, low income induces a higher IRTP, indicating that poverty is an important determinant of the IRTP. Further, the results show that individuals with a higher rate of time preference harvest more forest resources. Overall, the results suggest that long-term strategies for management of nature reserves would require poverty alleviation in the peripheral communities, among other measures.
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Working Paper

Files in This Item:
File
Size
509.46 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.