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Potential impact of a Transatlantic Trade and Investment Partnership on the global forest sector

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  • Buongiorno, Joseph
  • Rougieux, Paul
  • Barkaoui, Ahmed
  • Zhu, Shushuai
  • Harou, Patrice

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.

Suggested Citation

  • Buongiorno, Joseph & Rougieux, Paul & Barkaoui, Ahmed & Zhu, Shushuai & Harou, Patrice, 2014. "Potential impact of a Transatlantic Trade and Investment Partnership on the global forest sector," Journal of Forest Economics, Elsevier, vol. 20(3), pages 252-266.
    • Handle: RePEc:eee:foreco:v:20:y:2014:i:3:p:252-266
    DOI: 10.1016/j.jfe.2014.07.001
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    Cited by:

    1. Buongiorno, Joseph & Johnston, Craig & Zhu, Shushuai, 2017. "An assessment of gains and losses from international trade in the forest sector," Forest Policy and Economics, Elsevier, vol. 80(C), pages 209-217.
    2. Brusselaers, Jan & Buysse, Jeroen, 2021. "Legality requirements for wood import in the EU: Who wins, who loses?," Forest Policy and Economics, Elsevier, vol. 123(C).
    3. Christian Morland & Franziska Schier, 2020. "Modelling Bioeconomy Scenario Pathways for the Forest Products Markets with Emerging Lignocellulosic Products," Sustainability, MDPI, vol. 12(24), pages 1-15, December.

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    More about this item

    Keywords

    Forest sector; International trade; GFPM; Wood products; Demand; Supply; Prices;
    All these keywords.

    JEL classification:

    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • F17 - International Economics - - Trade - - - Trade Forecasting and Simulation
    • L73 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Forest Products
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
    • A23 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Graduate
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices

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