An Economic Analysis of Mountain Pine Beetle Impact in a Global Context

The economic effects of the mountain pine beetle outbreak in British Columbia are simulated using a multi-region spatial price equilibrium model coupled with a stochastic dynamic updating procedure. The simulation captures expected changes in the B.C. timber supply, growth of plantation forests in the southern hemisphere and an escalating Russian log export tax. The results indicate lumber and log prices will rise in B.C., offsetting some of the economic loss to timber producers. However, on net producers in the B.C. forest industry will experience a decrease in economic surplus.


Issue Date:
2008-01
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/37051
Total Pages:
29
JEL Codes:
C67; F14; F17
Series Statement:
REPA Working Paper
2008-02




 Record created 2017-04-01, last modified 2017-08-25

Fulltext:
Download fulltext
PDF

Rate this document:

Rate this document:
1
2
3
 
(Not yet reviewed)