Abstract
Timber production and prices are determined by the global demand for forest products, and the capability of producers from many countries to grow and harvest trees, transform them into products and export. The Global Forest Products Model (GFPM) simulates how this global demand and supply of multiple products among many countries determines prices and attendant consumption, production and trade. This paper documents the methods, data and computer software of the GFPM model, followed byexamples of applications to forecasting, and for policy analysis of the consequences of offset payments for carbon sequestration in forests.
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