 Store or export? An economic evaluation of financial compensation to forest sector after windstorm. The case of Hurricane KlausSylvain Caurla, Serge Garcia and Alexandra Niedzwiedz Forest Policy and Economics, 2015, vol. 61, issue C, 30-38 Abstract: We assess the economic impacts of the compensation plan implemented in the forest sector after Klaus hurricane in the south-west of France in 2009. We model this plan within the French Forest Sector Model (bio-economic partial equilibrium model), and we compare it with alternative plans assuming alternative distributions between transport and storage subsidies. Our results show that the plan as it was formulated was globally beneficial to the forest sector compared with a scenario without a plan. In addition, we show that, compared with the formulated plan, a storage-oriented alternative plan reduces the fall in price observed after the hurricane, increases storage volume, increases the total gains in surplus of the overall sector but postpones the price rebound after the shock. This is a policy-relevant result in such a context where one major risk is that windfall wood prices drop to zero. Keywords: Forest sector policy; Forest sector modeling; Windfall compensation plan; Wood storage (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:forpol:v:61:y:2015:i:c:p:30-38 DOI: 10.1016/j.forpol.2015.06.005 Access Statistics for this article Forest Policy and Economics is currently edited by M. Krott More articles in Forest Policy and Economics from Elsevier |
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