Effects of global trade liberalization on softwood lumber markets

Stephen Devadoss, Angel H. Aguiar

Research output: Contribution to journalArticle

5 Scopus citations

Abstract

This study develops a world spatial equilibrium softwood lumber model comprised of the major importing and exporting countries/regions to analyse the impacts of global trade reform on the world softwood lumber market. The results show that free trade leads to an increase in lumber trade, and Canadian producers and US consumers are the biggest beneficiaries. Trade liberalization improves the overall world welfare as world producer and consumer surpluses increase. The result highlights the importance of moving towards free trade in the global softwood lumber market.

Original languageEnglish
Pages (from-to)2351-2360
Number of pages10
JournalApplied Economics
Volume38
Issue number20
DOIs
StatePublished - Nov 10 2006

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