Journal of Forest Economics > Vol 19 > Issue 4

A review of recent developments and applications of partial equilibrium models of the forest sector

Gregory S. Latta, Department of Forest Engineering, Resources and Management, Oregon State University, USA, greg.latta@oregonstate.edu Hanne K. Sjølie, Norwegian University of Life Sciences, Department of Ecology and Natural Resource Management, Norway, Birger Solberg, Norwegian University of Life Sciences, Department of Ecology and Natural Resource Management, Norway,
 
Suggested Citation
Gregory S. Latta, Hanne K. Sjølie and Birger Solberg (2013), "A review of recent developments and applications of partial equilibrium models of the forest sector", Journal of Forest Economics: Vol. 19: No. 4, pp 350-360. http://dx.doi.org/10.1016/j.jfe.2013.06.006

Published: 0/12/2013
© 0 2013 Gregory S. Latta, Hanne K. Sjølie, Birger Solberg
 
Subjects
 
Keywords
JEL Codes:C61L73Q23Q28
Partial equilibriumForest sector modelingEconomic analysis
 

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In this article:
Introduction
Historic model development
Policy applications
Future direction

Abstract

Recent history has seen an increase in the utilization of partial equilibrium based forest sector models to identify potential impacts of various policies or timber market shocks. These models are particularly useful in that they employ economic theory to capture the interaction of supply and demand in a framework where commodity prices are endogenous to the policy or shock simulated. We present recent developments and linkages between models and review applications of these models to forest policy questions over the previous decade. We conclude with a discussion of potential future directions for such research.

DOI:10.1016/j.jfe.2013.06.006