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An econometric model of the hardwood lumber marketAuthor(s): William G. Luppold
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
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DescriptionA 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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CitationLuppold, 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.
KeywordsDemand, supply, price
- The impacts of the Lacey Act Amendment of 2008 on U.S.hardwood lumber and hardwood plywood imports
- The determinants of hardwood lumber price
- Impacts of changing hardwood lumber consumption and price on stumpage and sawlog prices in Ohio
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