Skip to main content

Estimating Price and Income Elasticities of Demand for Imports of Forest Products from Panel Data

Buy Article:

$55.00 plus tax (Refund Policy)

Static and dynamic models of the derived demand for forest product imports were estimated for each of 10 major forest products covering industrial roundwood, wood-based panels, pulp, and paper and paperboard. The models were estimated with panel data from 64 countries for 1970â–“1987, by pooled ordinary least squares, first differencing, fixed effects, random effects and the Arellanoâ–“Bond approach. The predictive accuracy of the demand equations was tested with postsample data from 1988â–“1997. Based on multiple criteria, the best results were obtained with the dynamic model estimated by the Arellanoâ–“Bond method. For most products the demand for imports was found to be inelastic with respect to price. For all products the demand for imports was elastic with respect to income.

No Reference information available - sign in for access.
No Citation information available - sign in for access.
No Supplementary Data.
No Data/Media
No Metrics

Keywords: Econometrics; elasticities; forest products; import demand; international trade

Document Type: Research Article

Affiliations: Department of Forest Ecology and Management, University of Wisconsin-Madison, 1630 Linden Drive, WI 53706-1598, Madison

Publication date: 2004-04-01

More about this publication?
  • Access Key
  • Free content
  • Partial Free content
  • New content
  • Open access content
  • Partial Open access content
  • Subscribed content
  • Partial Subscribed content
  • Free trial content
Cookie Policy
Cookie Policy
Ingenta Connect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more