Models for the Economic Impacts of Forest Disturbances: A Systematic Review

Abstract

The frequency of forest disturbances has increased under intensifying climate changes, and the economic impacts of forest disturbances should receive more attention. This paper systematically reviews models of the economic impacts of forest disturbances and summarizes four commonly applied models, which are “with and without” analysis, equilibrium models, the intervention model, and the social welfare model. The advantages and disadvantages of these four models are presented and compared, and literature using these models is introduced. The review of the economic assessment of damage caused by forest disturbances is expected to provide insights for researchers in this field and useful information about economic losses, price dynamics, and welfare redistribution for policymakers.