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

Author

Listed:
  • Brant Abbott
  • Brad Stennes
  • G. Cornelis van Kooten

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.

Suggested Citation

  • Brant Abbott & Brad Stennes & G. Cornelis van Kooten, 2007. "An Economic Analysis of Mountain Pine Beetle Impacts in a Global Context," Working Papers 2008-02, University of Victoria, Department of Economics, Resource Economics and Policy Analysis Research Group.
    • Handle: RePEc:rep:wpaper:2008-02
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    File URL: https://web.uvic.ca/~repa/publications/REPA%20working%20papers/WorkingPaper2008-02.pdf
    File Function: Final version, 2008
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    Cited by:

    1. Charles Sims & David Aadland & David Finnoff & James Powell, 2013. "How Ecosystem Service Provision Can Increase Forest Mortality from Insect Outbreaks," Land Economics, University of Wisconsin Press, vol. 89(1), pages 154-176.
    2. Sims, Charles & Aadland, David & Finnoff, David, 2010. "A dynamic bioeconomic analysis of mountain pine beetle epidemics," Journal of Economic Dynamics and Control, Elsevier, vol. 34(12), pages 2407-2419, December.

    More about this item

    Keywords

    Mountain pine beetle; spatial price equilibirum; trade modeling;
    All these keywords.

    JEL classification:

    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F17 - International Economics - - Trade - - - Trade Forecasting and Simulation

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