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VTT team shows how the GTAP model will be used in the forest-based bioeconomy foresight project in Uruguay

August 16, 2017 Leave a comment

IMG_2181The forest-based (or wood-based) bioeconomy is an important sub-sector of the overall bioeconomy. In countries with an abundant forest resources the economic magnitude of forests in bioeconomy is high, for example in Finland, roughly half of total bioeconomy output. The countries with substantial forest resources and related advanced scientific and technological competences have good opportunities to play a role of forerunner in the modern future oriented bioeconomy.

In the context of the Forest-based Bioeconomy Areas in Uruguay by 2050 project VTT is leading with the support of the Office of Planning and Budgeting (OPP) of Uruguay and several representatives from government, business, research and civil society actors, Dr. Juha Honkatukia and Dr. Rafael Popper showed how the GTAP model can be used to identify future bioeconomy policy options for Uruguay.

Finnish experience on using modelling to support strategic planning

The session gives several examples on the use of economic modelling in the analyses of policies to boost the development of bioeconomy in Finland, ranging from the national energy and climate strategies to assessment of the viability and regional consequences of biorefineries.

GTAP model

The session on the GTAP model will cover the structure of the model and its core databases with emphasis on the applicability of the model on single-country analyses. As the GTAP data base covers bilateral trade on dozens of commodities and over a hundred countries, the session will also facilitate a discussion on the necessary aggregation of the basic data.

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