The Global Forest Products Model

The Global Forest Products Model

Structure, Estimation, and Applications

1st Edition - February 24, 2003

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  • Authors: Joseph Buongiorno, Shushuai Zhu, Dali Zhang, James Turner, David Tomberlin
  • eBook ISBN: 9780080521527

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Description

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.

Key Features

  • Comprehensive, and rigorous description of the world forestry sector
  • Written by an international multi-disciplinary team
  • Thorough description of data and methods
  • In-depth applications to modern economic and policy issues
  • Detailed documentation of the computer software
  • Suitable for students, researchers, and decision makers

Readership

Graduate students and faculty in forestry departments and in related industries, as well as economic and resource advisors

Table of Contents

  • PART 1 INTRODUCTION

    Ch 1 Background and Objectives
    1.1 Issues addressed by the GFPM
    1.2 Previous and related models
    1.3 A brief history of the GFPM
    1.4 Objectives and outline

    Ch 2 Overview of the Global Forest Products
    2.1 Introduction
    2.2 Production
    2.3 International trade
    2.4 Forest product price trends
    2.5 Economic and demographic prospects
    2.6 Summary and conclusion


    PART 2 GFPM MODEL CONSTRUCTION

    Ch 3 GFPM Structure and Formulation
    3.1 Overview of the GFPM
    3.2 Spatial global equilibrium
    3.3 Market dynamics
    3.4 Linear approximation of demand and supply
    3.5 Implementation of trade inertia constraints
    3.6 Welfare analysis

    Ch 4 Model Calibration and Validation
    4.1 Introduction
    4.2 Countries and Products
    4.3 Base-year Data
    4.4 Parameter Estimation
    4.5 Model Validation


    PART 3 GFPM APPLICATIONS

    Ch 5 The Base Scenario
    5.1 Introduction
    5.2 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 studies
    7.4 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 States
    8.3 Previous studies
    8.4 GFPM analysis
    8.5 International effects
    8.6 Summary and conclusion

    Ch 9 Effects of Regional trade agreements on New Zealand
    9.1 Introduction
    9.2 Trade agreements
    9.3 GFPM analysis
    9.4 GFPM results
    9.5 Summary and conclusion

    Ch 10 Impacts of United States Timber Harvest Restrictions
    10.1 Introduction
    10.2 Previous studies
    10.3 Objectives
    10.4 Forest policies affecting timber harvest in the United States
    10.5 Modified GFPM model
    10.6 Effects of further U.S. harvest restrictions on the Pacific Rim forest sector
    10.7 Sensitivity to trade regime
    10.8 Summary and conclusion


    PART 4 GFPM SOFTWARE

    Ch 11 Using the GFPM Software
    11.1 Introduction
    11.2 Installation and configuration
    11.3 GFPM base year input
    11.4 Exogenous change data
    11.5 Running GFPM
    11.6 Examples of GFPM output
    11.7 Welfare analysis with the GFPM
    11.8 Trouble shooting GFPM errors

    Ch 12 GFPM Software design and implementation
    12.1 Introduction
    12.2 Overview of GFPM software structure
    12.3 Control programs and program execution
    12.4 Data Preparation
    12.5 Data processing and problem solving
    12.6 Output retrieval

    CH 13 Summary and Conclusion
    13.1 Summary of Results
    13.2 Evaluation and prospects
    13.3 Conclusion

    References

Product details

  • No. of pages: 300
  • Language: English
  • Copyright: © Academic Press 2003
  • Published: February 24, 2003
  • Imprint: Academic Press
  • eBook ISBN: 9780080521527

About the Authors

Joseph Buongiorno

Affiliations and Expertise

University of Wisconsin, Madison, USA

Shushuai Zhu

Affiliations and Expertise

Oracle Corporation, Nashua, New Hampshire, USA

Dali Zhang

Affiliations and Expertise

JP Management Consulting (Asia-Pacific) Pte Ltd, Shangai, China

James Turner

David Tomberlin

Affiliations and Expertise

National Marine Fisheries Service, Santa Cruz, California, USA

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