Skip to Main Content
Structural Change in Southern Softwood Stumpage MarketsAuthor(s): Douglas R. Carter
Source: SOFEW 1998: Proceedings of the 1998 Southern Forest Economics Workshop
Publication Series: Miscellaneous Publication
PDF: View PDF (307 KB)
DescriptionThe potential for structural change in southern stumpage market models has impacts on not only our basic understanding of those markets, but also on harvest, inventory and price projections, and related policy. In this paper, we test for structural change in both sawtimber and pulpwood softwood stumpage markets in the U.S. South over the period 1950-1994. Test results strongly reject structural stability in both sawtimber and pulpwood supply over the period. However, stability in stumpage demand can not necessarily be rejected. Using a new technique, Flexible Least Squares (FLS), a series of varying elasticity models are estimated. Results of the FLS procedure show that both pulpwood and stumpage price supply elasticities have been trending upward over time. The degree of this trend depends upon whether a linear or log-linear model is specified.
- You may send email to firstname.lastname@example.org to request a hard copy of this publication.
- (Please specify exactly which publication you are requesting and your mailing address.)
- We recommend that you also print this page and attach it to the printout of the article, to retain the full citation information.
- This article was written and prepared by U.S. Government employees on official time, and is therefore in the public domain.
CitationCarter, Douglas R. 1998. Structural Change in Southern Softwood Stumpage Markets. SOFEW 1998: Proceedings of the 1998 Southern Forest Economics Workshop
- Vermont stumpage price trends revisited: with comparisons to New Hampshire
- Harvest choice and timber supply models for forest forecasting
- The annual increase of Northeastern regional timber stumpage prices: 1961 to 2002
XML: View XML