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Wood and wood products are essential to large areas of the world economy, yet until now there has been no single definitive reference source to which those new to or requiring a strategic overview of the industry could turn for a comprehensive picture of the market chain from forest to consumer. "The International Timber Trade "remedies this, providing a detailed overview of the entire timber and timber products business in an authoritative and accessible style. Written by a leading expert, "The International Timber Trade" is essential reading for a wide range of interested groups including managers in the timber industry and trade, the financial community with interests in the sector, academics and students in forestry management and related studies, government agencies and their advisers in helping to develop policies for the sector and international trade, and finally those working in international development organizations and in national and international non-governmental bodies.
Because of the long-standing Canada-U.S. lumber trade dispute and the current pressure on the world's forests as a renewable energy source, much attention has been directed toward the modelling of international trade in wood products. Two types of trade models are described in this book: one is rooted in economic theory and mathematical programming, and the other consists of two econometric/statistical models--a gravity model rooted in theory and an approach known as GVAR that relies on time series analyses. The purpose of the book is to provide the background theory behind models and facilitate readers in easily constructing their own models to analyse policy questions that they wish to add...
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