The forest investment climate and implications for public policy: the Tocantins case

Abstract

The investment climate is a relevant aspect for designing of regional and forest policies, with effects on the conservation of natural capital. That is because the rate of return’s competitiveness of the forest investments, as well as the potential economic dynamism of a specific region, are significant for the choice of environmental management instruments. In this context, the Forest Investment Attractiveness Index (FIAI) have been applied to the Tocantins state in order to discuss the potential consequences about the formulation of public policies at the state level. The results demonstrated that the FIAI can be useful in preliminary analysis of the economic, political and institutional environment related to the forest sector.