Journal article
Government and Private Sector Joint Venturing in Natural Resource Development: The Queensland Plantation Forestry Joint Venture Scheme
Economic Analysis and Policy, Vol.29(1), pp.15-29
1999
Abstract
This paper examines the role of joint ventures between government and resource owners to develop natural resources, with particular reference for forestry plantations. Findings of a survey of landholders participating or expressing interest in the Queensland Plantation Joint Venture Scheme are presented. Joint venture arrangements are found to overcome investment constraints, particularly with respect to capital, technical knowledge and resource security. Complementarities between resource supplies of joint venture partners lead to increased output relative to wholly owned investments. Participants expressed a high degree of satisfaction with this program, although making some suggestions for changes in arrangements. Plantation joint ventures can contribute towards timber self-sufficiency and to ecologically sustainable land-use. Opportunities exist for joint ventures between government and private firms with respect to other natural-resource-based enterprises where market failure is apparent. © 1999 Economic Society of Australia (Queensland) Inc.
Details
- Title
- Government and Private Sector Joint Venturing in Natural Resource Development: The Queensland Plantation Forestry Joint Venture Scheme
- Authors
- Steve R Harrison (Author) - University of QueenslandJ Miano (Author) - University of QueenslandM W Anderson (Author) - Department of Primary Industries
- Publication details
- Economic Analysis and Policy, Vol.29(1), pp.15-29
- Publisher
- Economic Society of Australia Inc.
- Date published
- 1999
- DOI
- 10.1016/S0313-5926(99)50002-7
- ISSN
- 0313-5926; 0313-5926
- Copyright note
- Copyright © 1999 The Authors. This is an open-access article distributed under the terms of the Creative Commons Attribution License.
- Organisation Unit
- University of the Sunshine Coast, Queensland
- Language
- English
- Record Identifier
- 99450460002621
- Output Type
- Journal article
- Research Statement
- false
Metrics
54 File views/ downloads
504 Record Views