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Modelling and Projections of Forest Products DemandSupply and Trade in Europe

This paper describes the econometric modelling approach developed by Brooks et al (1995) and applied in the current study for modelling forest products demand, supply and trade. The study provides a country specific outlook for a baseline scenario, based on estimated elasticities and long-term forecast of economic growth (NOBE, 2001). Alternative scenarios are forecasted as well, based on the outcome of a special policy analysis carried out by UNECE/FAO.