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
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
