Calibrating and Updating the Global Forest Products Model (GFPM Version 2014 with BPMPD)

Download or read book Calibrating and Updating the Global Forest Products Model (GFPM Version 2014 with BPMPD) written by Joseph J. Buongiorno and published by . This book was released on 2014 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Global Forest Products Model (GFPM) is an economic model of global production, consumption, and trade of forest products. An earlier version of the model is described in Buongiorno et al. (2003). The GFPM 2014 has data and parameters to simulate changes of the forest sector from 2010 to 2030. Buongiorno and Zhu (2014) describe how to use the model for simulation. Like the simulation procedures, the base-year calibration procedure described here uses the BPMPD optimizer (Mészáros 1999) to represent market equilibria.