SRI LANKAN  JOURNAL OF  AGRICULTURAL ECONOMICS

 Volume 10,11.  Number 1.  2008,2009


Time Preference and Natural Resource Use by Local Communities: The Case of Sinharaja Forest Sri Lanka

H.M. Gunatilake, W.A.R. Wickramasinghe and P. Abeygunawardena *

ABSTRACT

 This paper investigates the impact of individual rate of time preference (IRTP) on forest resources harvesting from the Sinharaja forest in Sri Lanka. The impact of IRTP on the harvest rate of forest resources was tested using a simultaneous equation model. Analyses show that low income results in 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.


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The authors are, respectively, Senior Economist, Economic Analysis and Operations Support Division, Economics and Research Department, Asian Development Bank, Graduate Student, Amsterdam Institute for Metropolitan and International Development Studies, University of Amsterdam, The Netherlands and Professor and Associate Director, International Program, Texas A&M University, USA..

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Gunatilake, Wickramasinghe and Abeygunawardena  2009 Sri Lankan Journal of Agricultural Economics. Volume 10,11 (1). Pp. 31 - 60

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