The theory of forest capital reproduction in terms of the lease

Abstract

The subject of given article is the problem of forest capital renewal within a cost estimation concept which is considered from the perspective of multifunctional model of forest utilization under lease relations. Theoretical framework for development of a financing mechanism is given with regard to reforestation organized on a market base.

Keywords

• forest capital
• renewal of forest resources
• forest lease
• cost estimation concept
• resource-intensity indicator