THE MID-ATLANTIC REGION ECONOMY

 

The Mid-Atlantic Region Input-Output Table consists of 55 endogenous sectors and 8 exogenous sectors. Of the 55 endogenous sectors, eight represent Forest Product industries: Forest Products, Forestry Products, Logging Camps and Contractors, Sawmills, Millwork and Plywood, Other Woodproducts, Wood Furniture and Fixtures, and Paper and paper products. The total output of the eight Forest industry sectors is $38.4 billion, which amounts to 2.3% of the $1,671.2 of total gross output in the MARA Region. The Input-Output Table shows some sizable interdependencies among different sectors in the Forest industry. For example, the inputs of Millwork and Plywood, Other Woodproducts, and Wood Furniture & Fixtures are mainly from Sawmills as indicated by the transaction from Sawmills to those three sectors of $0.6 billion, $0.7 billion and $0.3 billion, respectively. Moreover, Forestry products sold $0.4 billion worth of output to Logging Camps and Contractors. At the same time, Sawmills purchased more than 80% of the output of Logging Camps and Contractors.

The Input-Output Table for the Mid-Atlantic Region also yields extensive insight into its economic structure. Services is the largest sector, with a total gross output of $761.9 billion, which accounts for 46% of the total gross output of the Mid-Atlantic Region. The second largest sector is Manufacturing, with a total output of $407.3 billion, or almost one-fourth of the MARA Region total. The other primary sectors of Agriculture and Minerals are relatively small in terms of gross output. Overall, the I-O Table indicates that this is a very advanced economic region.


THE MID-ATLANTIC REGION ECONOMY
(in billions of 1995 dollars)

 

Total Gross Output     $ 1671.2
     
Structure:    
  Forestry $   38.4
     Forest products $   0.3
     Forestry products $   0.9
     Logging camps and contractors $   1.2
     Sawmills $   3.7
     Millwork and plywood $   3.2
     Other woodproducts $   3.9
     Wood furniture and fixtures $   4.2
     Paper and paper products $ 21.0
Agriculture $   13.4
Service $ 761.9
Minerals $     1.8
Coal $   11.0
Natural gas $     1.5
Construction $ 104.8
Manufacturing $ 407.3
Transportation $   49.4
Communication and utilities $   80.8
Trade $ 200.9

Back