The regional economic impacts of introducing dual function forestry into an agricultural landscape

Cockfield, Geoff and Chalmers, Linden and Apan, Armando and Thompson, David (2011) The regional economic impacts of introducing dual function forestry into an agricultural landscape. Australasian Journal of Regional Studies, 17 (2). pp. 146-173. ISSN 1324-0935


A greenhouse gas emissions abatement scheme that includes payments for sequestration could encourage the establishment of plantations in agricultural areas, which could in turn, change regional economic output. This study is an examination of the regional economic impacts of establishing woodlots for both timber production and carbon sequestration in an Australian agricultural region. Financial and spatial analyses are used to identify where this dual function forestry might be more profitable than current land use while input-output tables and direct expenditure projections are used to estimate regional impacts. Results suggest there will eventually be an increase in gross regional output if a sustainable timber production system was to be established. However there would be a decrease in output during the first plantation cycle despite the injection of emissions credit payments.

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Item Type: Article (Commonwealth Reporting Category C)
Refereed: Yes
Item Status: Live Archive
Additional Information: Permanent restricted access to published version due to publisher copyright policy.
Faculty/School / Institute/Centre: Historic - Faculty of Business and Law - School of Accounting, Economics and Finance
Date Deposited: 24 Feb 2012 23:29
Last Modified: 26 Aug 2014 23:19
Uncontrolled Keywords: farm forestry; carbon sequestration; regional economics
Fields of Research : 14 Economics > 1402 Applied Economics > 140218 Urban and Regional Economics
07 Agricultural and Veterinary Sciences > 0705 Forestry Sciences > 070501 Agroforestry
Socio-Economic Objective: B Economic Development > 91 Economic Framework > 9199 Other Economic Framework > 919901 Carbon and Emissions Trading
B Economic Development > 82 Plant Production and Plant Primary Products > 8201 Forestry > 820103 Integration of Farm and Forestry

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