Economic impacts of changes in the forestry sector: A case study of the Foothills region in Alberta

1999 ◽  
Vol 75 (1) ◽  
pp. 121-127 ◽  
Author(s):  
Janaki R. R. Alavalapati ◽  
William White ◽  
Mike Patriquin
Keyword(s):  
Computable General Equilibrium ◽  
Impact Analysis ◽  
Regional Economics ◽  
Economic Impacts ◽  
Forest Products ◽  
Computable General Equilibrium Model ◽  
Local Economy ◽  
Forest Sector ◽  
Economic Impact Analysis ◽  
Negative Impacts

Economic impacts of a reduction in the annual allowable cut and in the price of forest products on the Foothills Model Forest regional economy are examined. A two-sector computable general equilibrium model is developed for the region to do this task. The results indicate that these changes cause significant negative impacts on the forest sector and on the local economy. Results show that other sectors of the economy will expand in response to the above changes in the forest sector. However, the expansion cannot offset the reduction in the forest sector and thus local communities sustain reduction in their income. The results are sensitive to the assumptions about markets for factors. Key words: economic impact analysis, CGE modeling, regional economics, community stability

scholarly journals Modelling the economic impacts of a large event: The case of the Gold Coast 2018 Commonwealth Games

2019 ◽  
Vol 26 (01) ◽  
pp. 110-127
Author(s):  
Tien Pham ◽  
Susanne Becken ◽  
Michael Powell
Keyword(s):  
Computable General Equilibrium ◽  
Impact Analysis ◽  
Economic Impacts ◽  
Gold Coast ◽  
Crowding Out ◽  
Economic Impact Analysis ◽  
Gross State Product ◽  
Modelling Techniques ◽  
Pros And Cons ◽  
Commonwealth Games

AbstractThis article consolidates the pros and cons of the two common modelling techniques for economic impact analysis: the input–output multiplier and the computable general equilibrium (CGE) technique. The latter is recommended for large event assessment and was used to examine the economic impacts of the Gold Coast 2018 Commonwealth Games. The Games is estimated to have generated approximately A$2.5 billion of gross state product (GSP) to Queensland after netting out the costs incurred. The effect is spread over a period of nine years from pre-Games period of preparation for the Games, through the Games period itself, and then rather significantly in the post-Games period. While benefits accrue to Queensland, the rest of Australia is estimated to lose due to the so-called ‘crowding out effect’.

scholarly journals Economic Impact of Drought- and Shade-tolerant Bermudagrass Varieties

2018 ◽  
Vol 28 (1) ◽  
pp. 66-73 ◽  
Author(s):  
Chanjin Chung ◽  
Tracy A. Boyer ◽  
Marco Palma ◽  
Monika Ghimire
Keyword(s):  
Economic Impact ◽  
Impact Analysis ◽  
Cynodon Dactylon ◽  
Economic Impacts ◽  
Value Added ◽  
The United States ◽  
Economic Benefits ◽  
Total Output ◽  
Economic Impact Analysis ◽  
New Varieties

This study estimates potential economic impacts of developing drought- and shade-tolerant bermudagrass (Cynodon dactylon) turf varieties in five southern states: Texas, Florida, Georgia, Oklahoma, and North Carolina. First, estimates are provided for the market-level crop values of the newly developed two varieties for each state. Then, an economic impact analysis is conducted using an input–output model to assess additional output values (direct, indirect, and induced impacts), value added, and employment due to the new varieties. Our results indicate that the two new varieties would offer significant economic impacts for the central and eastern regions of the United States. Under the assumption of full adoption, the two new products would generate $142.4 million of total output, $91.3 million of value added, and 1258 new jobs. When a lower adoption rate is assumed at 20%, the expected economic impacts would generate $28.5 million of output, $18.3 million of value added, and 252 jobs in the region. Our findings quantify the potential economic benefits of development and adoption of new turfgrass varieties with desirable attributes for residential use. The findings suggest that researchers, producers, and policymakers continue their efforts to meet consumers’ needs, and in doing so, they will also reduce municipal water consumption in regions suited to bermudagrass varieties.

scholarly journals An integrated bioeconomic local economy-wide assessment of the environmental impacts of poverty programs

2019 ◽  
Vol 116 (14) ◽  
pp. 6737-6742 ◽  
Author(s):  
Ted E. Gilliland ◽  
James N. Sanchirico ◽  
J. Edward Taylor
Keyword(s):  
Environmental Impacts ◽  
Computable General Equilibrium ◽  
Real Income ◽  
Computable General Equilibrium Model ◽  
Local Economy ◽  
Cash Transfer ◽  
Fish Stock ◽  
Transfer Program ◽  
Welfare Benefits ◽  
Welfare Consequences

A new generation of poverty programs around the globe provides cash payments to poor and vulnerable households. Studies show that these social cash transfer programs create income and welfare benefits for poor households and the local economies where they live. However, this may come at the cost of damaging local environments if cash payments stimulate food production that conflicts with natural resource conservation. Evaluations of the economic impacts of poverty programs do not account for the welfare consequences of environmental impacts, which are potentially large for poor communities closely tied to natural resources. We use an ex-ante policy simulation tool, a bioeconomic local computable general equilibrium model parameterized with microsurvey data, to analyze the expected welfare consequences of environmental degradation caused by a cash transfer program. For a Philippine fishing community that is a net importer of fish, we show that a government cash transfer program initially increases real incomes for all households. However, increased demand for fish leads to a decline in the local fish stock that reduces program benefits. Household groups experience declines in real income benefits of 2–63%, with fishing households suffering the largest declines. Impacts on local fish stocks depend on the extent to which markets link fishing communities to outside regions through trade. Greater market integration can mitigate the fish stock decline, but this reduces the local income benefits of cash transfers.

scholarly journals Study Area Specification in Forestry Economic Impact Analysis: Modifying County-Level Secondary Data

1999 ◽  
Vol 16 (3) ◽  
pp. 129-136
Author(s):  
John C. Leatherman ◽  
David W. Marcouiller
Keyword(s):  
Impact Analysis ◽  
Economic Impacts ◽  
Secondary Data ◽  
Input Output ◽  
Resource Base ◽  
Forest Management Planning ◽  
Economic Impact Analysis ◽  
Political Boundaries ◽  
Resource Policy ◽  
Data Files

Abstract One of the important objectives of forest management planning is to enhance the beneficial economic impacts of resource policy decisions. Input-output is one of the common tools planning analysts use to assess economic impacts. This paper presents procedures whereby the county data files for the Micro-IMPLAN input-output modeling system can be adjusted to create economic models at a finer level of geographic specificity than county-based models. Models specified to the minor civil division level can permit closer evaluation of resource policy impacts on regions defined by resource-base rather than administrative or political boundaries. North. J. Appl. For. 16(3):129-136.

scholarly journals Evaluating Special Events: Merging Two Essential Approaches

2019 ◽  
Vol 23 (6) ◽  
pp. 897-911
Author(s):  
Larry Dwyer ◽  
Peter Forsyth
Keyword(s):  
Computable General Equilibrium ◽  
Impact Analysis ◽  
Cost Benefit Analysis ◽  
Hybrid Approach ◽  
Cost Benefit ◽  
Evaluation Process ◽  
Economic Impact Analysis ◽  
Special Events ◽  
Benefit Estimation ◽  
General Equilibrium Modeling

In special event evaluation, given the shift away from standard economic impact analysis based on input–output modeling, increased attention is being paid to the roles that computable general equilibrium modeling (CGE) and cost–benefit analysis (CBA) can play in event evaluation. This article analyzes the strengths and limitations of CGE and CBA in the context of event assessment. A "hybrid" approach is outlined which includes a role for the advantages of both techniques to be included in the evaluation process. The issues addressed are theoretically important for both impact and benefit estimation, while having significant practical implications for event assessment.

scholarly journals The impact on the South African economy of alternative regulatory arrangements in the petroleum sector

2020 ◽  
Author(s):  
Heinrich Bohlmann ◽  
Rod Crompton
Keyword(s):  
South Africa ◽  
South African ◽  
Computable General Equilibrium ◽  
Impact Analysis ◽  
Computable General Equilibrium Model ◽  
The South ◽  
Real Wages ◽  
Fuel Price ◽  
Parity Price ◽  
The Impact

This paper adds quantitative analysis to the study by Crompton et al. (2020), in which various alternative regulatory arrangements regarding the petrol price in South Africa were explored. We use a multi-sector dynamic computable general equilibrium model for South Africa to conduct our economic impact analysis. Five scenarios are modelled, first individually to correctly calibrate the shocks, and then cumulatively to find the overall economy-wide effects of the proposed reforms. Under the most comprehensive set of reforms to the determination of petrol prices, which seeks to emulate market forces, the South African economy is seeing substantial benefits. GDP is expected to rise by 0.67 per cent and real wages by over 1.1 per cent relative to the baseline. Refineries are assumed to shrug off reforms targeted at removing pure profits earned via the import parity price (Basic Fuel Price) methodology by accepting a slightly lower rate of return, enabling them to meet the expected increase in demand for petrol on the back of the lower consumer prices achieved via the reforms. Whilst job losses at fuel service stations may be expected as a result of reduced revenues and margins, increased activity and job opportunities in the rest of the economy, facilitated through cheaper trade and transport margins, will more than offset those losses.

scholarly journals 2001 Economic Impacts of the Forest Products Industry in the South

2007 ◽  
Vol 31 (4) ◽  
pp. 181-186 ◽  
Author(s):  
Bart Tilley ◽  
Ian A. Munn
Keyword(s):  
Impact Analysis ◽  
Economic Impacts ◽  
Value Added ◽  
Forest Products ◽  
Wood Products ◽  
Ripple Effect ◽  
Direct Effects ◽  
Forest Products Industry ◽  
The South ◽  
The Impact

Abstract The economic impacts of the forest products industry in the South on state and regional economies were estimated using the Impact Analysis for Planning (IMPLAN) System, an input–output model. Economic impacts were characterized by the (1) direct effects of these industries through their own output, employment, value added, and total and personal income and (2) associated economic multipliers that illustrate the magnitude of the ripple effect direct effects have on the rest of the economy. Direct effects and social accounting matrix multipliers for 2001 are presented by sector (i.e., lumber and wood products, paper and allied products, and wood furniture) for the 13 southern states individually and the region as a whole.

Rural Transit Services: A Local Economic and Fiscal Impact Analysis

1998 ◽  
Vol 1623 (1) ◽  
pp. 57-62 ◽  
Author(s):  
Zhong-Ren Peng ◽  
Arthur C. Nelson
Keyword(s):  
Local Governments ◽  
Impact Analysis ◽  
Local Economic Development ◽  
Economic Impacts ◽  
Economic Benefits ◽  
Local Economy ◽  
Transit Service ◽  
Transit Services ◽  
Fiscal Revenue ◽  
Work Trip

Rural transit services are generally considered a tool to alleviate immobility for the elderly, the handicapped, and the carless and a form of income redistribution to them from society at large. But their economic impacts on local economies and governments are seldom realized and quantified. This study estimates two important transfer impacts of rural transit service on local (county) economies and governments in Georgia: the overall economic impacts and the fiscal revenue impacts. This study analyzed economic benefits of three major transit rider types in rural Georgia: elderly riders, work trip riders, and school trip riders. It found that rural transit services have a significant and positive economic impact on the local economy, indicating that, in addition to providing mobility and accessibility to the transportation disadvantaged, rural transit services promote local economic development. The fiscal revenue impact of rural transit service varies depending on the availability and the amount of federal transit subsidy. If the current level of federal transit subsidy continues, the fiscal revenue impact is positive and is larger than 1.0 for the state as a whole. It shows that providing transit service can bring positive fiscal revenues to local governments, realizing that some fiscal revenues are transferred from the federal government. Without federal transit subsidies, local governments would need to pay for all the costs. The revenue impact thus would become smaller yet still positive and greater than 1.0.

scholarly journals The impacts of agricultural policy scenarios on development of remote rural areas – the case study of the Bruntál and Ostrava districts

2009 ◽  
Vol 55 (No. 4) ◽  
pp. 161-168
Author(s):  
Z. Bednaříková ◽  
T. Doucha
Keyword(s):  
Agricultural Policy ◽  
Rural Areas ◽  
Computable General Equilibrium ◽  
Agricultural Sector ◽  
Computable General Equilibrium Model ◽  
Urban Centre ◽  
Negative Impacts ◽  
Spatial Impacts ◽  
Policy Scenarios

The paper presents the results of simulations for the Bruntál district as a remote rural area and Ostrava as an adjacent urban centre, based on the Computable General Equilibrium model. The model assesses spatial impacts of various agricultural policy and other economic conditions on the regional development of the study areas. The model utilizes a regional Social Accounting Matrix with economic inter-linkages between the rural-urban localities in the study areas. Four agricultural policy scenarios are assessed. All scenarios have negative impacts on the economy of the Bruntál district. Nevertheless, the scenario based on the switch of funds from the Pillar 1 to the Pillar 2 of the Common Agricultural Policy and on the degressive modulation of direct payments shows to be the most significant for the agricultural sector and the overall economy of the district.

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