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

Brant Abbott (), Brad Stennes and Gerrit van Kooten

No 2008-02, Working Papers from University of Victoria, Department of Economics, Resource Economics and Policy Analysis Research Group

Abstract: 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: Mountain pine beetle; spatial price equilibirum; trade modeling (search for similar items in EconPapers)
JEL-codes: C67 F14 F17 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2007-12
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