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Accounting for social impacts and costs in the forest industry, British Columbia

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posted on 2023-05-16, 18:57 authored by Gale, R, Frederick GaleFrederick Gale
Business reviews of the forest industry in British Colombia, Canada, typically portray an unequivocally positive picture of its financial and economic health. In doing so, they fail to consider the following six categories of social impacts and costs: (1) direct and indirect subsidies; (2) government support through investment; (3) community dependence; (4) the maintenance of public order; (5) aboriginal title; and (6) the overestimation of employment. Our findings show that conventional economic and financial accounting methods inflate the industry's net contribution to the economy. We make a number of recommendations to address this shortcoming to improve future accounting and reporting procedures. © 2005 Elsevier Inc. All rights reserved.

History

Publication title

Environmental Impact Assessment Review

Volume

26

Pagination

139-155

ISSN

0195-9255

Department/School

School of Social Sciences

Publisher

Elsevier Inc

Place of publication

United States

Repository Status

  • Restricted

Socio-economic Objectives

Political systems

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