Economic Impacts of Timber Product Outputs in Ohio across Timber Market Regions

Abstract

Input-output models were constructed to describe the economic impacts of timber product outputs in Ohio and its three timber market regions - the Northeast, West, and Southeast - for 2012. Impact Analysis for PLANning was used to describe these impacts in terms of employment, output, and value added based on 1) the total value of outputs delivered to market by each region’s logging sector and 2) a per-unit change in the regionalized delivered value of one million board feet (MMBF) of hardwood sawtimber. Direct impacts of timber products were greatest in the Northeast (for output and value added) and Southeast (for employment). The total economic impacts of timber products in Ohio were 2,880 employees, $287 million in output, and $147 million in value added. The per-unit impact results were more varied due to regional differences in economies and timber price determinants. Employment and output economic impacts per MMBF were both highest in the Southeast. The employment levels directly and indirectly associated with each MMBF in the West were higher than the Northeast. Value added per MMBF was highest in the Northeast across impacts.

Keywords

• Economic multipliers
• Forestry
• Forest products
• Input-output model
• Sawtimber