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Lumber

Assessing the impacts that market and policy changes in the forest industry have on communities in rural New Brunswick [Van A. Lantz and Yigezu A. Yigezu]

Publisher: 
University of New Brunswick
Year of publication: 
2002

“A two-sector computable general equilibrium model is calibrated to the New Brunswick community of Petitcodiac. Simulations are conducted for marginal reductions in both the price of lumber and the timber supply. We observe that both reductions have negative impacts on output and most production factors in the forest sector. Other production sectors tend to expand as production factors flow to where they receive their highest return.

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by Dr. Radut