An Economic Analysis of Mountain Pine Beetle Impact in a Global Context
Brant Abbott (),
Brad Stennes and
Gerrit van Kooten
No 37051, Working Papers from University of Victoria, Resource Economics and Policy
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.
Keywords: Environmental Economics and Policy; International Relations/Trade (search for similar items in EconPapers)
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Working Paper: An Economic Analysis of Mountain Pine Beetle Impacts in a Global Context (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uvicwp:37051
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