Preprint Article Version 1 Preserved in Portico This version is not peer-reviewed

GFPMX: A Cobweb Model of the Global Forest Sector, with an Application to the Impact of the COVID-19 Pandemic

Version 1 : Received: 29 April 2021 / Approved: 5 May 2021 / Online: 5 May 2021 (12:34:06 CEST)

A peer-reviewed article of this Preprint also exists.

Buongiorno, J. GFPMX: A Cobweb Model of the Global Forest Sector, with an Application to the Impact of the COVID-19 Pandemic. Sustainability 2021, 13, 5507. Buongiorno, J. GFPMX: A Cobweb Model of the Global Forest Sector, with an Application to the Impact of the COVID-19 Pandemic. Sustainability 2021, 13, 5507.

Journal reference: Sustainability 2021, 13, 5507
DOI: 10.3390/su13105507

Abstract

The GFPMX projects forest area and stock, consumption, production, imports, exports, and prices of industrial roundwood, fuelwood, sawnwood, wood-based panels, wood-pulp, and paper and paperboard, in 180 countries, and currently from 2018 to 2070. The core principle of the model is the Cobweb theorem, according to which markets are not necessarily in equilibrium, but take some time to adjust to shocks, such as demand shifts, leading to oscillatory dynamics of prices and quantities. The paper presents the model structure and the estimation of its parameters from international statistics on production, trade, forest area, and forest stock. This is followed by an application of the GFPMX to the impact on the global forest sector of the economic recession caused by the COVID-19 pandemic.

Subject Areas

Forestry; Forest industries; forest products trade; modeling; Cobweb; COVID-19

Comments (0)

We encourage comments and feedback from a broad range of readers. See criteria for comments and our diversity statement.

Leave a public comment
Send a private comment to the author(s)
Views 0
Downloads 0
Comments 0
Metrics 0


×
Alerts
Notify me about updates to this article or when a peer-reviewed version is published.
We use cookies on our website to ensure you get the best experience.
Read more about our cookies here.