The factors of deforestation at a global level have been widely studied in the empirical economic literature. However, the high heterogeneity among countries considerably limits the overall significance of the results. Using quantile approach, we show that some major deforestation factors are...

We study sustainable growth in an economy with natural land endowments, specifically forests, and the need for public policies to quantify the financial value of green capital, measured by forests. Exhaustible primary forests are first depleted for agriculture and production, until a switch...