Short answer
Leverage the significant economic activity and resource availability within the forestry sector for material selection and product innovation.
- Field
- Resource Management
- Source
- UKnowledge (University of Kentucky) (2013)
- Method
- Economic Impact Analysis
- Evidence
- Strong effect
The forestry and wood products industry in Kentucky significantly contributes to the state's economy, generating billions in economic impact and thousands of jobs. This resource management research insight is drawn from a 2013 study published in UKnowledge (University of Kentucky). Using Economic impact analysis, researchers explored how this design variable affects real-world outcomes. The key design takeaway: Leverage the significant economic activity and resource availability within the forestry sector for material selection and product innovation.
Forestry Sector Generates $12.8 Billion Economic Impact and 59,000 Jobs in Kentucky
The forestry and wood products industry in Kentucky significantly contributes to the state's economy, generating billions in economic impact and thousands of jobs.
UKnowledge (University of Kentucky) · 2013
Key Findings
- 01The total economic impact of Kentucky's forest and wood industries was $12.8 billion in 2013.
- 02These industries supported 59,000 jobs in 2013.
- 03Kentucky is a leading producer of hardwood forest products and exports wood products nationally and internationally.
- 04Delivered log prices increased by 11.4% in 2013 compared to 2012.
- 05The sector is predicted to remain a leading producer of hardwood sawlogs in the South and top three nationally.
Application
Design takeaway
Leverage the significant economic activity and resource availability within the forestry sector for material selection and product innovation.
How to apply
When designing products that use wood or wood-based materials, investigate the economic and employment impact of the forestry sector in the target region to inform material sourcing and potential for local manufacturing partnerships.
Project actions
- 01Consider the economic viability of using local materials in your design project.
- 02Research the industries that support your chosen materials to understand their broader impact.
Method & Evidence
Variables
Strengths & Limitations
Strengths
- +Comprehensive economic analysis covering multiple sectors.
- +Provides specific quantitative data on economic impact and employment.
Limitations
This study is specific to Kentucky's forestry sector and may not directly apply to other regions or industries.
Reliability & validity
The reliability of the findings depends on the accuracy of the data sources used for economic input and the robustness of the economic modeling techniques employed. Validity is supported by the comprehensive scope of the analysis across various industry segments.
Think critically
How might a decline in the global demand for hardwood products affect the economic impact and job creation observed in this study, and what design strategies could mitigate such risks?
Design Principles
"Integrate regional resource economics into design strategy to foster local industry support and sustainable material sourcing."
This highlights the substantial economic value derived from natural resources. Designers and engineers can leverage this understanding to explore opportunities in sustainable material sourcing, local manufacturing, and product development that aligns with established regional industries.
What This Means for Your Design
The wood industry in Kentucky is really important for the state's money and jobs, making a big economic contribution.
How to use in your project
- 1.Reference this report when discussing the economic benefits of using wood or other forest products in your design project, particularly if your project is geographically relevant.
Add to My Project
Quick Cite
Paragraph starter
The economic impact of the forestry and wood products industry in Kentucky, as detailed in the 2013 report, highlights a significant contribution of $12.8 billion and 59,000 jobs. This underscores the substantial economic value derived from natural resources and presents opportunities for designers to explore sustainable material sourcing and product development that aligns with established regional industries.
Source
UKnowledge (University of Kentucky)
Kentucky Forestry Economic Impact Report 2012-2013
journal · 2013
View sourceQuestions About This Research
- What does the research say about forestry sector generates $12.8 billion economic impact and 59,000 jobs in kentucky?
- Leverage the significant economic activity and resource availability within the forestry sector for material selection and product innovation. Evidence: UKnowledge (University of Kentucky) (2013).
- Why does "Forestry Sector Generates $12.8 Billion Economic Impact and 59,000 Jobs in Kentucky" matter for design?
- This highlights the substantial economic value derived from natural resources. Designers and engineers can leverage this understanding to explore opportunities in sustainable material sourcing, local manufacturing, and product development that aligns with established regional industries.
- How can designers apply this research?
- Leverage the significant economic activity and resource availability within the forestry sector for material selection and product innovation.
- What were the main findings?
- The total economic impact of Kentucky's forest and wood industries was $12.8 billion in 2013.. These industries supported 59,000 jobs in 2013.. Kentucky is a leading producer of hardwood forest products and exports wood products nationally and internationally.. Delivered log prices increased by 11.4% in 2013 compared to 2012.
- What research method was used?
- Economic Impact Analysis.
- How strong is the evidence?
- Evidence strength is rated Strong effect, based on a 2013 journal from UKnowledge (University of Kentucky).
- What should I do differently in my next project?
- When designing products that use wood or wood-based materials, investigate the economic and employment impact of the forestry sector in the target region to inform material sourcing and potential for local manufacturing partnerships.
- What are the limitations?
- The report focuses on a specific region and time period; economic impacts can fluctuate with market conditions and policy changes.