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

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. Ho...

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Veröffentlicht in:Journal of forest economics 2014-08, Vol.20 (3), p.252-266
Hauptverfasser: Buongiorno, Joseph, Rougieux, Paul, Barkaoui, Ahmed, Zhu, Shushuai, Harou, Patrice
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container_end_page 266
container_issue 3
container_start_page 252
container_title Journal of forest economics
container_volume 20
creator Buongiorno, Joseph
Rougieux, Paul
Barkaoui, Ahmed
Zhu, Shushuai
Harou, Patrice
description 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.
doi_str_mv 10.1016/j.jfe.2014.07.001
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source Elsevier ScienceDirect Journals
subjects Biological and medical sciences
Demand
Economic impact
Economics and Finance
Forest products industry
Forest sector
Forestry
Fundamental and applied biological sciences. Psychology
GFPM
Humanities and Social Sciences
International trade
Macroeconomics
Prices
Studies
Supply
Tariffs
Trade agreements
Wood products
title Potential impact of a Transatlantic Trade and Investment Partnership on the global forest sector
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