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The text provides literature surveys on relevant modeling issues and policy concerns. It demonstrates the application of a modeling system using a "base case" 50-year projection and a small set of scenarios. These illustrate, for example, the effects of changes in public harvest policies, variations in investments in silviculture, and globalization. It is aimed at policy makers, researchers and graduate students who are building or using forest sector models.
This volume comprises fifteen papers exploring the consequences of applying modern time-series methods, particularly co-integrated time-series methods, for the analysis of forest economics problems. The methods represent the forefront of econometrics in this area, and the volume is the first of its kind. An introductory paper explains the econometrics of unit-root processes. Much of what follows in the other papers depends upon only a few of the ideas presented in the introduction. The volume includes tests of, e.g., the Law of One Price, land valuation models, demand and supply models, Granger-causality, and forecast models. The reader will learn a great deal about forest economies, particularly in Northern Europe, and about the practical use of modern time-series methods. The methods presented are applicable to other fields of economics. The volume is aimed at researchers in applied economics and as a supplement to (advanced) theoretical textbooks, mainly in Natural Resource Economics.
This study, prepared jointly by FAO and UNECE, sets out data on long term trends and projections for future developments in the forestry sector for 38 countries in western and eastern Europe (including the three Baltic states and four major CIS countries including Russia) covering the years 1960 to 2020. It is based on scientific analysis and covers forest resources, and the production, trade and consumption of roundwood, sawnwood, panels, pulp and paper; as well as the outlook for non-wood products and forest services. It also examines the links with other sectoral policies, such as energy, environmental, trade and rural development policies, and sets out a number of policy conclusions and recommendations.