“A two-sector computable general equilibrium model is calibrated to the New Brunswick community of Petitcodiac. Simulations are... [more]
The forest industry is an important sector in all provinces in Canada, representing an average of 10% of total value added produced. Given the important role that this industry plays in the country, in-depth studies of the characteristic features of forest-based industries, their linkages with the rest of the economy, and the impacts of changes in policies on the society as a whole is believe to be instrumental in the process of ensuring sustainable development. In an effort to address these issues, this report investigates the socio-economic impacts of market and policy changes on a forest dependent community in the region.