Harvest Restriction: An Analysis of New Capital Expenditures in the Pacific Northwest and the South

Author: Guan Hongshu   Munn Ian A.  

Publisher: Society of American Foresters

ISSN: 0022-1201

Source: Journal of Forestry, Vol.98, Iss.4, 2000-04, pp. : 11-16

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Abstract

The short-term response of the forest products industry to harvest restrictions in the Pacific Northwest has been to shift harvesting to other regions. However, the long-term response is not yet clear. New capital expenditure patterns in the Pacific Northwest and the South provide insight into the industry's long-term intentions. Southern investment increased significantly after the harvest restrictions were imposed. Pacific Northwest investment has been declining over time, but no significant shifts occurred after restrictions were imposed.