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Potential impact of a transatlantic trade and investment partnership on the global forest sector

Joseph Buongiorno, Paul Rougieux, Ahmed Barkaoui, Shushuai Zhu and Patrice Harou
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Joseph Buongiorno: Department of Forest and Wildlife Ecology - Research Institute for Forestry and Forest Ecology of Rhineland-Palatinate
Ahmed Barkaoui: LEF - Laboratoire d'Economie Forestière - INRA - Institut National de la Recherche Agronomique - AgroParisTech
Shushuai Zhu: Department of Forest and Wildlife Ecology - Research Institute for Forestry and Forest Ecology of Rhineland-Palatinate
Patrice Harou: EFI Central European Regional Office (EFICENT) - Observatory for European Forests (OEF) - EFI - European Forest Institute = Institut Européen de la Forêt = Euroopan metsäinstituutti

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Abstract: The effects of a transatlantic trade agreement on the global forest sector were assessed with the Global Forest Products Model, conditional on previous macroeconomic impacts predicted with a general equilibrium model. Comprehensive tariff elimination per se had little effect on the forest sector. However, with deeper reforms and integration consumption would increase twice as much in percent in the US as in the EU. Net trade decreased in the US more than in the EU while it increased in Asia. Consumers and producers' welfare increased by $7000 million in the EU and $14,000 million in the US, but decreased in some third countries, especially in Asia. (C) 2014 Department of Forest Economics, Swedish University of Agricultural Sciences, Umea. Published by Elsevier GmbH. All rights reserved.

Keywords: GFPM; forest sector; international trade; wood products; demand; supply; prices (search for similar items in EconPapers)
Date: 2014
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Published in Journal of Forest Economics, 2014, 20 (3), pp.252-266. ⟨10.1016/j.jfe.2014.07.001⟩

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DOI: 10.1016/j.jfe.2014.07.001

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