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    Author(s): William G. Luppold
    Date: 1982
    Source: Res. Pap. NE-512. Broomall, PA: U.S. Department of Agriculture, Forest Service, Northeastern Forest Experiement Station. 15p.
    Publication Series: Research Paper (RP)
    Station: Northeastern Research Station
    PDF: View PDF  (1.43 MB)

    Description

    A recursive econometric model with causal flow originating from the demand relationship is used to analyze the effects of exogenous variables on quantity and price of hardwood lumber. Wage rates, interest rates, stumpage price, lumber exports, and price of lumber demanders' output were the major factors influencing quantities demanded and supplied and hardwood lumber price.

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    Citation

    Luppold, William G. 1982. An econometric model of the hardwood lumber market. Res. Pap. NE-512. Broomall, PA: U.S. Department of Agriculture, Forest Service, Northeastern Forest Experiement Station. 15p.

    Keywords

    Demand, supply, price

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