Forestry Economics Prize
2015 Forestry Economics Prize
The 2015 Forestry Economics Prize goes to Wei-Yew Chang and Chris Gaston for the paper ' A trade flow analysis of the global softwood log market: implications of Russian log export tax reduction and New Zealand log production restriction ’.
The results provided by this paper will help forest managers, regional investors, policy makers and other stakeholders assess how significantly potential changes in roundwood trade policy or supply constraints may change the export and import of softwood logs between countries and the implications this reallocation might have on regional roundwood prices.
The analysis provides an application of spatial partial equilibrium models to the global forest sector. It demonstrates a strong and significant application of forest economics and forest products markets analysis.
The modelling approach includes baseline scenario projections and three alternative scenarios that include a large amount of data, conditions and assumptions, being carefully described and explained. The data needs and the application of this kind of model in a practical and operational context is clearly demanding.
The authors provide a detailed and careful description of the data and modelling approach. The paper presents a number of interesting and policy relevant results, which are explained and discussed comprehensively in a convincing way.
Read the winning paper here .