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A Comparison of Global Timber Models

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  • Kim, Yoon Hyung

Abstract

This study identifies differences of global timber models in its three different versions by comparing marginal abatement cost. The forest-only model has a relatively linear marginal cost curve; the other two models show concave cost curves, indicating that the marginal cost for carbon sequestration increases faster than in the forest-only model. Such basic differences among the models may be caused by the characteristics of the CET(Constant Elasticity of Transformation) model. The differences between the forest-only model and CET model are more narrowed when CET results are converted to physical units. This study contributes to the enhancement of the understanding of GTM development and provides foundation for future studies to improve global timber modeling.

Suggested Citation

  • Kim, Yoon Hyung, 2011. "A Comparison of Global Timber Models," Journal of Rural Development/Nongchon-Gyeongje, Korea Rural Economic Institute, vol. 34(3), pages 1-13, July.
  • Handle: RePEc:ags:jordng:174496
    DOI: 10.22004/ag.econ.174496
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    File URL: http://ageconsearch.umn.edu/record/174496/files/34_3_1.pdf
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    References listed on IDEAS

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    1. Yu, Wusheng & Hertel, Thomas W. & Preckel, Paul V. & Eales, James S., 2002. "Projecting World Food Demand: A Comparison of Alternative Demand Systems," 2002 International Congress, August 28-31, 2002, Zaragoza, Spain 24877, European Association of Agricultural Economists.
    2. Tavoni, Massimo & Sohngen, Brent & Bosetti, Valentina, 2007. "Forestry and the carbon market response to stabilize climate," Energy Policy, Elsevier, vol. 35(11), pages 5346-5353, November.
    3. Thomas W. Hertel & Wallace E. Tyner & Dileep K. Birur, 2010. "The Global Impacts of Biofuel Mandates," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1), pages 75-100.
    4. Brent Sohngen & Robert Mendelsohn, 2003. "An Optimal Control Model of Forest Carbon Sequestration," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 85(2), pages 448-457.
    5. Hertel, Thomas, 1997. "Global Trade Analysis: Modeling and applications," GTAP Books, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University, number 7685.
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    Cited by:

    1. Munier, Nathan, 2016. "“The one who controls the diamond wears the crown! The politicization of the Kimberley Process in Zimbabwe”," Resources Policy, Elsevier, vol. 47(C), pages 171-177.

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    Keywords

    Land Economics/Use;

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