Trade Policy, Processing and New Zealand Forestry (New Voices in Environmental Economics)

Examines core issues with respect to the effect of export restrictions, the impact on processing and welfare, the consequences of foreign ownership of the resource, and the possibility of utilizing export restrictions as a retaliatory strategy against escalating tariff structures. It also examines the impact of liberalization of processed good markets. The book employs a combination of formal general equilibrium modelling and counterfactual simulation using computable general equilibrium (CGE) tecniques, with the New Zealand forestry industry used as a case study throughout. The book makes a contribution to the literature in this field by incorporating foreign ownership into an extensive formal analysis of processing incentives, develooping a new CGE model of the New Zealand economy, utilizing this model to evaluate the costs of export restrictions, and utilizing the GTAP to provide insights into the possible effect of the APEC Early Voluntary Sector Liberalization strategy.