The FOrest Resource Outlook Model (FOROM): a technical document supporting the Forest Service 2020 RPA Assessment

Abstract

The FOrest Resource Outlook Model (FOROM) is a global recursive dynamic partial equilibrium model of the forest sector that recognizes Resources Planning Act (RPA) Assessment regions as separate producing, consuming, and trading market regions within a complete global market. FOROM is calibrated to a base year and projects future market variables of price, production, consumption, and trade of primary and secondary forest products across various socioeconomic developments. Further captured in the model are predicted changes in forest area and forest stocks (inventory volumes) by management category. The model also incorporates changes to forest inventory under specifications of productivity changes as driven by climate change and greenhouse gas accumulations.

  • Citation: Johnston, Craig M.T.; Guo, Jinggang; Prestemon, Jeffrey P. 2021. The FOrest Resource Outlook Model (FOROM): a technical document supporting the Forest Service 2020 RPA Assessment. Gen. Tech. Rep. SRS-254. Asheville, NC: U.S. Department of Agriculture Forest Service, Southern Research Station. 19 p. https://doi.org/10.2737/SRS-GTR-254.
  • Keywords: Forest products, markets, partial equilibrium, recursive dynamic model
  • Posted Date: August 23, 2021
  • Modified Date: August 25, 2021
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