The Global Forest Products Model
Structure, Estimation, and ApplicationsBy
- Joseph Buongiorno, University of Wisconsin, Madison, USA
- Shushuai Zhu, Oracle Corporation, Nashua, New Hampshire, USA
- Dali Zhang, JP Management Consulting (Asia-Pacific) Pte Ltd, Shangai, China
- James Turner, University of Wisconsin, Madison, USA
- David Tomberlin, National Marine Fisheries Service, Santa Cruz, California, USA
The Global Forest Products Model (GFPM) book provides a complete introduction to this widely applied computer model. The GFPM is a dynamic economic equilibrium model that is used to predict production, consumption, trade, and prices of 14 major forest products in 180 interacting countries. The book thoroughly documents the methods, data, and computer software of the model, and demonstrates the model's usefulness in addressing international economic and environmental issues. The Global Forest Products Model is written by an international multi-disciplinary team and is ideal for graduate students and professionals in forestry, natural resource economics, and related fields. It explains trends in world forest industries in the simplest terms by explaining the economic theory underlying the model. It describes six applications of the GFPM, three of which were commissioned by the Food Agriculture of the United Nations, the USDA Forest Service, and New Zealand Research.The authors show how to apply the model to real issues such as the effects of the Asian economic crisis on the forest sector, the effects of eliminating tariffs on international trade and production, and the international effects of national environmental policies. They provide complete explanations on how to use the GFPM software, prepare the data, make the forecasts, and summarize the results with tables and graphs.
Graduate students and faculty in forestry departments and in related industries, as well as economic and resource advisors.
Hardbound, 300 Pages
Published: February 2003
Imprint: Academic Press
"...allows one to simulate how the forest sector operates in different countries and how the countries interact through international trade..." --JOURNAL OF ECONOMIC LITERATURE
- PART 1 INTRODUCTION Ch 1 Background and Objectives 1.1 Issues addressed by the GFPM 1.2 Previous and related models1.3 A brief history of the GFPM 1.4 Objectives and outline Ch 2 Overview of the Global Forest Products 2.1 Introduction2.2 Production2.3 International trade 2.4 Forest product price trends 2.5 Economic and demographic prospects2.6 Summary and conclusion PART 2 GFPM MODEL CONSTRUCTION Ch 3 GFPM Structure and Formulation 3.1 Overview of the GFPM 3.2 Spatial global equilibrium3.3 Market dynamics3.4 Linear approximation of demand and supply3.5 Implementation of trade inertia constraints3.6 Welfare analysis Ch 4 Model Calibration and Validation 4.1 Introduction4.2 Countries and Products4.3 Base-year Data4.4 Parameter Estimation4.5 Model ValidationPART 3 GFPM APPLICATIONS Ch 5 The Base Scenario5.1 Introduction5.2 Model data, parameters, and assumptions 5.3 Base scenario projection from 1997 to 2010 5.4 Summary and discussion Ch 6 Effects of the Asian Economic Crisis 6.1 Introduction 6.2 GFPM application 6.3 Summary and conclusion Ch 7 Effects of Tariff Liberalization 7.1 Introduction 7.2 The Uruguay round of GATT and the ATL proposal 7.3 Previous studies7.4 GFPM simulations 7.5 Summary and conclusion Ch. 8 Impact of United States Paper recycling Policies 8.1 Introduction 8.2 Wastepaper recycling in the United States8.3 Previous studies 8.4 GFPM analysis8.5 International effects 8.6 Summary and conclusion Ch 9 Effects of Regional trade agreements on New Zealand 9.1 Introduction9.2 Trade agreements9.3 GFPM analysis9.4 GFPM results9.5 Summary and conclusion Ch 10 Impacts of United States Timber Harvest Restrictions 10.1 Introduction10.2 Previous studies10.3 Objectives10.4 Forest policies affecting timber harvest in the United States10.5 Modified GFPM model10.6 Effects of further U.S. harvest restrictions on the Pacific Rim forest sector10.7 Sensitivity to trade regime10.8 Summary and conclusionPART 4 GFPM SOFTWARE Ch 11 Using the GFPM Software 11.1 Introduction11.2 Installation and configuration11.3 GFPM base year input11.4 Exogenous change data11.5 Running GFPM11.6 Examples of GFPM output11.7 Welfare analysis with the GFPM11.8 Trouble shooting GFPM errorsCh 12 GFPM Software design and implementation 12.1 Introduction12.2 Overview of GFPM software structure12.3 Control programs and program execution12.4 Data Preparation12.5 Data processing and problem solving12.6 Output retrievalCH 13 Summary and Conclusion 13.1 Summary of Results13.2 Evaluation and prospects 13.3 Conclusion References