Offering a unifying theoretical perspective not readily available in any other text, this innovative guide to econometrics uses simple geometrical arguments to develop students' intuitive understanding of basic and advanced topics, emphasizing throughout the practical applications of modern theory and nonlinear techniques of estimation. One theme of the text is the use of artificial regressions for estimation, reference, and specification testing of nonlinear models, including diagnostic tests for parameter constancy, serial correlation, heteroscedasticity, and other types of mis-specification. Explaining how estimates can be obtained and tests can be carried out, the authors go beyond a mere algebraic description to one that can be easily translated into the commands of a standard econometric software package. Covering an unprecedented range of problems with a consistent emphasis on those that arise in applied work, this accessible and coherent guide to the most vital topics in econometrics today is indispensable for advanced students of econometrics and students of statistics interested in regression and related topics. It will also suit practising econometricians who want to update their skills. Flexibly designed to accommodate a variety of course levels, it offers both complete coverage of the basic material and separate chapters on areas of specialized interest.

Estimation and Inference in Econometrics

Losses of natural and semi-natural forests, mostly to agriculture, are a significant concern for biodiversity. Against this trend, the area of intensively managed plantation forests increases, and there is much debate about the implications for biodiversity. We provide a comprehensive review of the function of plantation forests as habitat compared with other land cover, examine the effects on biodiversity at the landscape scale, and synthesise context-specific effects of plantation forestry on biodiversity. Natural forests are usually more suitable as habitat for a wider range of native forest species than plantation forests but there is abundant evidence that plantation forests can provide valuable habitat, even for some threatened and endangered species, and may contribute to the conservation of biodiversity by various mechanisms. In landscapes where forest is the natural land cover, plantation forests may represent a low-contrast matrix, and afforestation of agricultural land can assist conservation by providing complementary forest habitat, buffering edge effects, and increasing connectivity. In contrast, conversion of natural forests and afforestation of natural non-forest land is detrimental. However, regional deforestation pressure for agricultural development may render plantation forestry a ‘lesser evil’ if forest managers protect indigenous vegetation remnants. We provide numerous context-specific examples and case studies to assist impact assessments of plantation forestry, and we offer a range of management recommendations. This paper also serves as an introduction and background paper to this special issue on the effects of plantation forests on biodiversity.

Plantation Forests and Biodiversity: Oxymoron or Opportunity?

Environmental efficiency with multiple environmentally detrimental variables : estimated with SFA and DEA

In this article we estimate the technical and environmental efficiency of a panel of Dutch dairy farms. Nitrogen surplus, arising from the application of excessive amounts of manure and chemical fertilizer, is treated as an environmentally detrimental input. A stochastic translog production frontier is specified to estimate the output-oriented technical efficiency. Environmental efficiency is estimated as the input-oriented technical efficiency of a single input, the nitrogen surplus of each farm. The mean output-oriented technical efficiency is rather high, 0.894, but the mean input-oriented environmental efficiency is only 0.441. Intensive dairy farms are both technically and environmentally more efficient than extensive farms.

Econometric Estimation of Technical and Environmental Efficiency: An Application to Dutch Dairy Farms

Biomass is projected to play a key role in meeting global climate targets. To achieve a resource-efficient biomass use, European bioeconomy strategies increasingly consider the concept of a circular bioeconomy (CBE). We define the term CBE via a literature review and analyze the concept’s role in north-west European bioeconomy clusters through interviews. We identify strategies regarding the clusters’ feedstock and product focus, and investigate what role biorefineries, circular solutions, recycling and cascading play. Finally, we discuss gaps in CBE literature and the potential contributions of the CBE to sustainability. The analyzed bioeconomy clusters move towards a CBE by increasingly considering residues and wastes as a resource, developing integrated biorefineries and focusing more on material and high value applications of biomass. However, there is so far only little focus on the end-of-life of bio-based products, i.e. on circular product design, recycling and cascading. Key challenges for implementing circular strategies are policies and regulations, costs and the current small size of bio-based markets. Amongst the product sectors the interviewees identified as promising for the bioeconomy, plastics and construction & building materials have most recycling and cascading potential. While the CBE could contribute to improving the sustainability of the bioeconomy, the concept is not inherently sustainable and its potential trade-offs need to be addressed. Especially social aspects, cascading, circular product design, and aspects related to product use seem to be underrepresented in CBE literature, while the topics biorefinery, wastes and residues as well as waste management are significantly covered.

The circular bioeconomy : Its elements and role in European bioeconomy clusters

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Leading the way to a European circular bioeconomy strategy

Studying the future of the forest sector: Review and implications for long-term outlook studies

In July 2016, the European Commission (EC) published a legislative proposal for incorporating greenhouse gas emissions and removals due to Land Use, Land Use Change and Forestry (LULUCF) into its 2030 Climate and Energy Framework. The Climate and Energy Framework aims at a total emission reduction of 40% by 2030 for all sectors together as part of the Paris Agreement. The LULUCF proposal regulates a “no debit” target for LULUCF (Forests and Agricultural soils), and regulates the accounting of any additional mitigation potential that might be expected of it. We find that the forest share of the LULUCF sector can achieve much more than what is in the regulation now. We elaborate a strategy for unlocking European Union (EU) forests and forest sector potential based on the concept of “climate smart forestry” (CSF). We find that to-date, European policy has not firmly integrated forest potential into the EU climate policy framework. Nor have climate objectives been firmly integrated into those of the forest and forest sector at either the EU or national level. Yet a wide range of measures can be applied to provide positive incentives for more firmly integrating these climate objectives into the forest and forest sector framework. With the right set of incentives in place at EU and Member States levels, we find the current literature supports the view that the EU has the potential to achieve an additional combined mitigation impact through CSF of 441 Mt CO2/year by 2050. In addition, CSF, through reducing and/or removing greenhouse gas emissions, adapting and building forest resilience, and sustainably increasing forest productivity and incomes, tackles multiple policy goals.

https://www.mdpi.com/1999-4907/8/12/484/pdf

By 2050 the Mitigation Effects of EU Forests Could Nearly Double through Climate Smart Forestry

This study identifies new wood-based products with considerable potential and attractive markets, including textiles, liquid biofuels, platform chemicals, plastics, and packaging. We apply a mixed-...

Diversification of the forest industries: Role of new wood-based products

https://openresearch-repository.anu.edu.au/bitstream/1885/211990/1/01_Verkerk_Climate-Smart_Forestry%253A_the_2020.pdf

Lauri Hetemäki

Papers

Leading the way to a European circular bioeconomy strategy

Studying the future of the forest sector: Review and implications for long-term outlook studies

By 2050 the Mitigation Effects of EU Forests Could Nearly Double through Climate Smart Forestry

Diversification of the forest industries: Role of new wood-based products

Climate-Smart Forestry: the missing link