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Table 1 Description and Source of Parameters Related to Model

From: Carbon sequestration costs and spatial spillover effects in China's collective forests

Parameter

Unit

Parameter description and source

\({cp}_{i}\)

104CNY/hm2

Forestry investment/afforestation area, from “the "China Forestry Statistical Yea”book’’

\(p{w}_{i}\)

CNY/m3

Average market price for timber.According to “the ‘‘China Forestry Statistical Yea”book’’

\({v}_{i}\)

m3/hm2

Timber volume per unit area of collective forests.According to the National Forest Resources Inventory

\({r}_{i}\)

%

Bank deposit interest rate for the same period announced by the Monetary Department of the P’ople's Bank of China

\({R}_{i}\)

Year

Rotation period of the forest land.Tropical forest, subtropical forest, and temperate forest are respectively 20 years, 25 years, and 30 years

\(V\)

m3/hm2

Forest volume per unit area of collective forests.According to the National Forest Resources Inventory

\(k\)

\(\%\)

Root-stem ratio.Greenhouse Gas Inventory of Land Use Change and Forestry from’hina’s Second National Information Notification

\(Y\)

Year

Forest age.Take the median age group of different forest types according to “the ‘‘Age Class and Age Group Classification of Main Tree Sp”cies’’

\(c\)

Constant

Referring to Liu JQ et al. relevant research achievements [44]

\(d\)

Constant

Referring to Liu JQ et al. relevant research achievements [44]

\({\theta }_{i}\)

\(\%\)

Carbon sequestration proportion of forest products.Referring to Zhong WZ et al. research, use the default value of 82.43% [44]

\({e}_{i}\)

\(\%\)

Deduction ratio of baseline carbon sequestration.Referring to Benítez et al. research, use the default value of 5%

\({A}_{i}\)

104 CNY

The ratio of agricultural output value to cultivated land area, from the China Statistical Yearbook