• Journal of Korean Society of Forest Science
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• v.90 no.5
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• pp.643-649
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• 2001

The case study of the Cooperatives' members and Sincere Forest Managers/Forest Successors was carried out to find the determinants affecting the forest investment of private forest owners and analyze their effects on it. For this the landowners' forest investment probability function was estimated using the logistical regression model. The results showed that the forest investment of the Cooperatives' members was the function of forest area, stand age, forest income, and technical assistance. Three of the variables (forest income, forest area, and technical assistance) exhibited a positive effect on the forest investment as expected, while stand age showed a negative effect unlike the expectation of the study. In case of Sincere Forest Managers and Forest Successors forest area, distance(1)(distance from forest to road accessible by vehicle), knowledge of financing program, and forest income were significant indicators for the forest investment. All these variables showed the expected signs; forest area, knowledge of financing, and forest income had a positive effect on the forest investment, and distance(1) showed a negative effect.