Insecure property rights fuel deforestation and illegal logging, threatening forests worldwide.
The article explores how insecure property rights can lead to deforestation and unsustainable land use practices. When property rights are uncertain, there is a risk of land being confiscated for sustainable forest management, which can increase deforestation. Higher timber prices can also lead to more illegal logging instead of sustainable forestry. However, increased monitoring and enforcement can reduce illegal logging and deforestation. Confiscation risk decreases timber supply from unsustainable practices, while the impact of timber prices on timber supply is unclear.