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An Analysis of Regional Factor Demand in the U.S. Lumber Industry

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Abstract:

A restricted cost function with labor and roundwood as variable inputs and capital as quasi-fixed is estimated for three lumber producing regions. Significant regional differences are found. Cost function estimates are used to decompose trends in factor demand from 1963 to 1978. Stable trends in input use are found to be due to offsetting price and technology trends rather than fixed production relationships. For. Sci. 33(1):164-173.

Keywords: Cost function; labor demand; sawlog demand

Document Type: Journal Article

Affiliations: Assistant Professor of Forest Economics, Department of Forestry, School of Forest Resources and Conservation, University of Florida, Gainesville

Publication date: March 1, 1987

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