@article{Gunatilake:205970,
      recid = {205970},
      author = {Gunatilake, H.M and Wickramasinghe, W.A.R and  Abeygunawardena, P.},
      title = {Time Preference and Natural Resource Use by Local  Communities: The Case of Sinharaja Forest in Sri Lanka},
      journal = {Sri Lankan Journal of Agricultural Economics},
      address = {2009},
      number = {1381-2016-115767},
      pages = {31},
      year = {2009},
      abstract = {This paper investigates the impact of individual rate of  time preference (IRTP) on forest resources harvesting from  the Sinharaja forest in Sri Lanka. The impact of IRTP on  the harvest rate of forest resources was tested using a  simultaneous equation model. Analyses show that low income  results in a higher IRTP, indicating that poverty is an  important determinant of the IRTP. Further, the results  show that individuals with a higher rate of time preference  harvest more forest resources. Overall, the results suggest  that long-term strategies for management of nature reserves  would require poverty alleviation in the peripheral  communities, among other measures.},
      url = {http://ageconsearch.umn.edu/record/205970},
      doi = {https://doi.org/10.22004/ag.econ.205970},
}