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Consumption of Wood Products and Dependence on Imports

Author

Listed:
  • Jayita Bit
  • Sarmila Banerjee

Abstract

This article has made an attempt to assess the prospect of sustainable forest management for an emerging economy, like India, where the area under forest coverage has gone up marginally over the last three decades in spite of population growth and rapid urbanization. A conscious attempt towards conservation is noted from the supply side. However, with rapid income growth, given the high demand elasticity of the wood-based products, there is a sharply growing gap between demand and supply. The import of forestry-based products is increasing in terms of volume, value and unit prices throughout this period, and the major importers of raw and semi-finished forestry-based inputs are the South and East Asian countries. India’s unleashed demand (met through import from outside) will eventually have its impact (like China) on reduced wood stock of the other countries and the consequent pressure on the climatic cycle of the planet will not only thwart the process of economic development but mere sustainable existence of the system will be doubtful. This pattern of the use of forest and wood-related products is indicating the absence of any consistently designed integrated policy position towards forest conservation. If no restriction is imposed from the demand-side, mere supply-side management would be inadequate to ensure sustainable forest use in the near future.

Suggested Citation

  • Jayita Bit & Sarmila Banerjee, 2014. "Consumption of Wood Products and Dependence on Imports," Foreign Trade Review, , vol. 49(3), pages 263-290, August.
  • Handle: RePEc:sae:fortra:v:49:y:2014:i:3:p:263-290
    DOI: 10.1177/0015732514539204
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    References listed on IDEAS

    as
    1. Patil, Kiran Kumar R. & Manjunatha, G.R. & Chandrakanth, M.G., 2013. "Economic Impact of Institutions on the Consumption of Forest Products in India," Indian Journal of Agricultural Economics, Indian Society of Agricultural Economics, vol. 68(2), pages 1-14.
    2. Mizrach, Bruce, 1992. "The distribution of the Theil U-statistic in bivariate normal populations," Economics Letters, Elsevier, vol. 38(2), pages 163-167, February.
    3. Rai, K. N. & Niwas, Shri & Khatkar, R. K., 1983. "Demand and Supply Analysis of Forest Products in India," Indian Journal of Agricultural Economics, Indian Society of Agricultural Economics, vol. 38(3), July.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Forest products; trade-flows; demand forecasting; demand–supply gap;
    All these keywords.

    JEL classification:

    • Q23 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Forestry
    • Q27 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Issues in International Trade
    • Q21 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Demand and Supply; Prices
    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods

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