Institutional timberland investment in South and Central America
2022
Zhang, Daowei
In this paper I investigate the origins, trend, and drivers of institutional timberland investment in South and Central America. I note that domestic institutions in South America are a distinctive source of, and a significant contributor to, the rise of institutional timberland investment in the world in the last six-plus decades. I further show that foreign institutions have increased their timberland investment in the region since the 1990s, motivated by seeking high risk-adjusted returns. Finally, I explain this trend and the per-acre timberland value in South and Central America.
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