Economic Impacts of the Forest Products Industry in the South (2009)

The forest products industry is an important component of local, state, regional, and national economies. Assessing the economic contributions of the forest products industry in the South, one of the leading timber producing region in the world, is crucial. Impact Analysis for Planning (IMPLAN), an input-output model, was used to assess the economic contribution of the forest products industry for the southern United States. Two aspects of economic contribution, direct impacts and the associated Social Accounting Matrix (SAM) multipliers, were compiled for three primary forest products industry sectors (lumber and wood products, paper and allied products, and wood furniture) for 2009, the most recent data available, and compared to study of the industry by Tilley and Munn (2007). The forest products industry proved to be an important source of employment and income for the South in 2009 despite of disproportionate impacts of the current recession. Results of this study will update the baseline economic information and will provide crucial information to concerned authority to strengthen the economic health of the industry.

Issue Date:
Jan 11 2013
Publication Type:
Conference Paper/ Presentation
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 Record created 2017-04-01, last modified 2018-01-22

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