Joint production and substitution in timber supply: a panel data analysis
| العنوان: | Joint production and substitution in timber supply: a panel data analysis |
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| المؤلفون: | Torjus Folsland Bolkesjø, Joseph Buongiorno, Birger Solberg |
| المصدر: | Applied Economics. 42:671-680 |
| بيانات النشر: | Informa UK Limited, 2010. |
| سنة النشر: | 2010 |
| مصطلحات موضوعية: | Economics and Econometrics, media_common.quotation_subject, Pulpwood, Price elasticity of supply, Relative price, Interest rate, Microeconomics, Dynamic models, Statistics, Economics, Elasticity (economics), Stock (geology), Panel data, media_common |
| الوصف: | Supply equations for sawlog and pulpwood were developed with a panel of data from 102 Norwegian municipalities, observed from 1980 to 2000. Static and dynamic models were estimated by cross-section, time-series andpanel data methods. A static model estimated by first differencing gavethe best overall results in terms of theoretical expectations, pattern ofresiduals, prediction accuracy and parsimony. The results showed thatsawlog supply responded positively to its own price (elasticity e = 0.91 ± 0.07) but negatively to the pulpwood price (e = −0.22 ± 0.06). The pulpwood supply responded positively to the price of both pulpwood (e = 0.53 ± 0.06) and sawlogs (e = 0.20 ± 0.07). Sawlog and pulpwood supply had a common elasticity of 2.04 (± 0.25) with respect to the growing stock, and of 0.30 (± 0.21) with respect to the interest rate. The supply elasticity of substitution of sawlog for pulpwood with respect to their relative price was 0.74 ± 0.04. Policies to raise the annual harvest, which is currently well... |
| تدمد: | 1466-4283 0003-6846 |
| الوصول الحر: | https://explore.openaire.eu/search/publication?articleId=doi_________::4ea36f2dff181d53e7da4c1ff9df0d73Test https://doi.org/10.1080/00036840701721216Test |
| رقم الانضمام: | edsair.doi...........4ea36f2dff181d53e7da4c1ff9df0d73 |
| قاعدة البيانات: | OpenAIRE |
| لا يتم عرض النص الكامل للضيوف. | تسجيل الدخول للوصول الكامل. |
| تدمد: | 14664283 00036846 |
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