Hanover Forest Science Seminar Series: Larry Leefers
Date: February 21, 2017
Time: 4-5 p.m. (coffee and cookies at 3:50 p.m.)
Location: Natural Resources Building, 480 Wilson Road, Room 225
Larry Leefers presents “Mechanistic Modeling of the Role of Forests and Related Economic Activities in Michigan’s Economy.”
Ecology and economics have the same Greek root oikos or ‘house.’ And scientists in both fields have developed mechanistic and other models for descriptive and predictive purposes. One widely used mechanistic approach in economics is input-output (IO) modeling, which is based on the Nobel prize winning work of Wassily Leontief. Using IMPLAN, a commercially available IO model, I show through a series of case studies (1) linkages among different sectors of the forest products industries, (2) contributions of these industries at different spatial scales, and (3) how timber harvesting impacts the economy. These studies were undertaken in response to the 2013 and 2015 Governor’s Forest Products Summits. Methods and results are highlighted along with thoughts on the economics-ecology interface.