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Sawn timber and the impact of sustainable forest management practices in Peninsular Malaysia


Citation

Abd Wahob, Noraida and Abdul Samad, Abdul Rahim and Othman, Mohd Shahwahid (2018) Sawn timber and the impact of sustainable forest management practices in Peninsular Malaysia. Journal of Tropical Forest Science, 30 (1). pp. 9-24. ISSN 0128-1283; EISSN: 2521-9847

Abstract

This paper examines the economic impact on sawn timber market in Peninsular Malaysia under the scenarios of sustainable forest management (SFM) practices. Autoregressive distributed lag (ARDL) approach test was employed using time-series data from 1980 to 2015, comprising of five scenarios: (1) 24% reduction in harvested area, (2) 25% increase of the domestic price of sawn timber, (3) 47% increase in input cost, (4) incorporated with scenarios (1), (2) & (3) and (5) 10% increase in contribution of forestry and harvesting activities to total gross domestic products (CGDP). The result revealed that the supply and export of sawn timber had a positive impact on SFM. Even though domestic demand was affected by the increase of prices, the value could be used to compensate for the loss volume of timber. These findings are important to policymakers in order for them to reach a benchmark regarding an appropriate method to sustain forest resources. Based on the scenarios imposed under SFM practices, it was found that it is possible to boost sawn timber industry without compromising efforts to sustain and conserve forest resources.


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Additional Metadata

Item Type: Article
Divisions: Faculty of Economics and Management
DOI Number: https://doi.org/10.26525/jtfs2018.30.1.924
Publisher: Forest Research Institute Malaysia
Keywords: ARDL bound test; Harvested area; Production; Demand; Raw material
Depositing User: Ms. Nida Hidayati Ghazali
Date Deposited: 15 Jul 2021 23:33
Last Modified: 15 Jul 2021 23:33
Altmetrics: http://www.altmetric.com/details.php?domain=psasir.upm.edu.my&doi=10.26525/jtfs2018.30.1.924
URI: http://psasir.upm.edu.my/id/eprint/73828
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