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

Author

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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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    References listed on IDEAS

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    1. Gabriel Felbermayr & Mario Larch & Finn Krüger & Lisandra Flach & Erdal Yalcin & Sebastian Benz, 2013. "Dimensionen und Auswirkungen eines Freihandelsabkommens zwischen der EU und den USA," ifo Forschungsberichte, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 62.
    2. Peter Egger & Michael Pfaffermayr, 2011. "Structural Estimation of Gravity Models with Path-Dependent Market Entry," FIW Research Reports series III-007, FIW.
    3. Joseph Francois & Miriam Manchin & Hanna Norberg & Olga Pindyuk & Patrick Tomberger, 2013. "Reducing Transatlantic Barriers to Trade and Investment: An Economic Assessment," IIDE Discussion Papers 20130401, Institue for International and Development Economics.
    4. Bhagwati, Jagdish & Panagariya, Arvind, 1996. "The Theory of Preferential Trade Agreements: Historical Evolution and Current Trends," American Economic Review, American Economic Association, vol. 86(2), pages 82-87, May.
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    Citations

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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.

    More about this item

    Keywords

    Forest sector; International trade; GFPM; Wood products; Demand; Supply; Prices;

    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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