5. ECONOMIC DATA COLLECTION

5.1. BACKGROUND

As part of its IAP responsibility, RACAC has commissioned several studies to identify the economic impacts arising from the IAP. As a support base, a comprehensive, up-to-date review of the literature relating to the economic relevance of the forestry and forest products industry in NSW was prepared.

The major studies commissioned were:

• a micro-economic industry study to assess how businesses directly dependent on the supply of logs will adjust to the revised availability of logs;
• a regional economic impact analysis to assess the direct and indirect employment, output, income and value-added impacts, at a regional level, of revised wood supplies; and
• the development of a conceptual framework for considering the economic efficiency implications of various resource allocation options to be considered during both the IAP and CRA processes.

Figure 2.4 in Chapter 2 shows the relationship of these studies in the context of the IAP. These studies are discussed in more detail below.

In addition, the Wood Resources Study (described in Section 2.6), among other things, aims to spatially represent a measure of the value of the timber resource (based on an estimated harvesting schedule) to facilitate consideration of the wood resource and its value during the reserve design and negotiation process.

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