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An Econometric Analysis of Aggregate Sawtimber and Pulpwood Supply in Sweden

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This paper contains an econometric analysis of the sawtimber market and the market for pulpwood in Sweden. The sawtimber market is modeled as a market where the equality between demand and supply determine the price level, while the market for pulpwood is viewed as a market where the price level is exogenously determined. The results of the estimations, which are based on time-series data covering the period 1953-81, are satisfactory. All coefficients of the supply curves have signs that are consistent with the underlying theory, and most of them are statistically significant. The same holds true for the demand curve in the sawtimber market. More specifically, the own supply price elasticities of sawtimber and pulpwood are estimated to be approximately 0.6 and 0.7, respectively. Forest Sci. 31:595-606.
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Keywords: Market equilibrium; disequilibrium econometrics; interregional trade

Document Type: Journal Article

Affiliations: Department of Forest Economics, College of Forestry, Umeå, Sweden

Publication date: 1985-09-01

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    Forest Science is a peer-reviewed journal publishing fundamental and applied research that explores all aspects of natural and social sciences as they apply to the function and management of the forested ecosystems of the world. Topics include silviculture, forest management, biometrics, economics, entomology & pathology, fire & fuels management, forest ecology, genetics & tree improvement, geospatial technologies, harvesting & utilization, landscape ecology, operations research, forest policy, physiology, recreation, social sciences, soils & hydrology, and wildlife management.
    Forest Science is published bimonthly in February, April, June, August, October, and December.

    2016 Impact Factor: 1.782 (Rank 17/64 in forestry)

    Average time from submission to first decision: 62.5 days*
    June 1, 2016 to Feb. 28, 2017

    Also published by SAF:
    Journal of Forestry
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