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Article: Effects of global trade liberalization on U.S. forest products industries and trade: A computable general equilibrium analysis.
- Article from:
- Forest Products Journal
- Article date:
- April 1, 2003
- Author:
CopyrightCOPYRIGHT 2003 Forest Products Society. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Abstract
This study assesses the effects of tariff reductions represented by the North American Free Trade Agreement (NAFTA), the Uruguay Round (UR) of the General Agreement on Tariffs and Trade (GATT), and the World Trade Organization (WTO) negotiations on U.S. forest products industries using a computable general equilibrium model. Our results indicate that the NAFTA would have very limited impacts on U.S. forest products industries and trade. Global trade liberalization under the GATT/WTO would not significantly change the output, consumption, and price of forest products, but would stimulate international trade and U.S. exports of forest products. Through ...