Global modelling to predict timber production and prices: the GFPM approach.

Timber production and prices are determined by the global demand for forest products, and the capability of producers frommanycountries to growand harvest trees, transform them into products and export. The Global Forest Products Model (GFPM) simulates howthis global demand and supply of multiple products among manycountries determines prices and attendant consumption, production and trade. This paper documents the methods, data and computer software of the GFPMmodel, followed byexamples of applications to forecasting, and for policyanalysis of the consequences of offset payments for carbon sequestration in forests. [ABSTRACT FROM AUTHOR]