Where the Trees Fall: Macroeconomic Forecasts for Forest-Reliant States
树倒何处:依赖森林产业州的宏观经济预测
Several key states in various regions of the U.S. have experienced recent sawtimber as well as pulp and paper mill closures, which raises an important policy question: how have and will key macroeconomic and industry specific indicators within the U.S. forest sector likely to change over time? This study provides empirical evidence to support forest-sector policy design by using a vector error correction (VEC) model to forecast economic trends in three major industries -…