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4.05.02 - Managerial economics



Book of Extended Abstracts published

Managerial forest economics and accounting as a base for decision making in a changing world
Hamburg, Germany, 5-7 September 2022

In order to face the challenges of a changing world, forest owners, scientists, administrational staff and politicians on all levels must make informed choices on future forest management activities. Managerial economics and accounting are important analytical instruments for identifying and evaluating forest management action alternatives and to support knowledge-building and decision-making. Indeed, the interest for the evaluation of forest management options and forest functions strongly increased in the past decades. Against this background, the organizers of this Symposium aim to foster the scientific exchange on recent developments, research and best practices from managerial economics and accounting on regional, national and international level as a base for decision making in a changing world.

Book of Abstracts:

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Stjepan Posavec, Croatia


Vasja Leban, Slovenia

Davide Pettenella, Italy

Endre Schiberna, Hungary

Dijana Vuletic, Croatia

About Unit

The Unit is focused on promoting international cooperation in research and education related to the managerial aspects of forest economics.  The Unit’s first meeting was held in in Brno in 1985.  It was renamed Managerial Economics in 1989 and merged with the Managerial, Social and Environmental Accounting Working Group in 1995 into the 4.05.00 Unit.

Over the past few decades, forest management has incorporated cultural, institutional, and social dimensions with the traditional economic and environmental criteria.  In addition, global issues such as changes in society, climate, and forest values influence and transform the ways in which forest ecosystems are managed and utilized.  The role of managerial economics in response to these evolving conditions and needs of society are central to this Unit.

State of Knowledge

The Unit has examined a wide range of topics during its history - innovative economic instruments; forest development and management in the light of global change; adaptive forest management; economic impact assessment of environmental, social, and economic changes on forest management; evaluation of forest- and timber trade-related policies; financial modeling of forest management under changing framework conditions; payments for ecosystem services and consequences for forest management; shifts in supply and demand for non-market services of forests; forest management decision support systems; risks in forestry - which are reflected in the Unit's publications.