May 13, 2026
Report
Core Model Proposal #338: Regional Forest Markets and Crop Trade Updates
Abstract
The main purpose of this proposal is to update the forest (i.e., Roundwood) trade modeling in GCAM from HOV (Heckscher-Ohlin Vanek) based fully integrated world market to segmented regional markets using the logit-based Armington approach. We also improve agricultural trade-related data, update trade (Armington) parameters based on literature information, and allow elastic forest demand responses. This CMP is an extension of previous GCAM agricultural trade CMPs (289 & 312).Published: May 13, 2026