An impact analysis of climate change on the forestry industry in Quebec

The weight of the industry is higher in Quebec compared to the rest of the country, where forest exports account for only 6.6% for the rest of the country (Statistics Canada 2014). [...] Given the interdependence of the broad forest industry with the rest of the economy, the CC effects on forests could have an impact on the performance of other sectors and the economy as a whole. [...] The size of the reduction in price is a function of the proportion of wood entering in the production process of the given good. [...] However, the results presented give an indication of the direction of the effects and the model provides a tool to measure the links with the rest of the economy by capturing the general equilibrium effects of the CC on forestry in the province. [...] The evolution of public debt is above the BAU in the first part but drops below the BAU at the end of the temporary shock.