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


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 rou


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© 2003
Academic Press
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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

David Tomberlin

Affiliations and Expertise

National Marine Fisheries Service, Santa Cruz, California, USA


"...allows one to simulate how the forest sector operates in different countries and how the countries interact through international trade..." --JOURNAL OF ECONOMIC LITERATURE