Skip to Main Content
U.S. Forest Service
Caring for the land and serving people

United States Department of Agriculture

Home > Search > Publication Information

  1. Share via EmailShare on FacebookShare on LinkedInShare on Twitter
    Dislike this pubLike this pub

    Description

    Although the US trade deficit has persisted since 1975, the country changed in 2009 from a net importer to a net exporter of forest products, emerging as the world's largest exporter of forest products. Drawing on recent data, we model the real dollar value of US exports, imports, and the trade balance in forest products to identify factors likely to explain this shift. We find that US dollar depreciation and the purchasing power of the rest of the world have positively affected US exports, while recessions and the implementation of  the Lacey Act Amendment of 2008 have negatively affected US imports, the latter reducing the total value of imports by 24%. Furthermore, a temporary (2007-2010) contraction in the consumption of forest products domestically led to a shift in the trade balance.

    Publication Notes

    • You may send email to pubrequest@fs.fed.us 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.

    Citation

    Zhang, Daowei; Lin, Ying; Prestemon, Jeffrey P. 2017.From deficit to surplus: An econometric analysis of US trade balance in forest products. Forest Science. 63(2): 209-217p9 https://doi.org/10.5849/FS-2016-018.

    Cited

    Google Scholar

    Keywords

    US trade balance, forest products, economic recession, export effort

    Related Search


    XML: View XML
Show More
Show Fewer
Jump to Top of Page
https://www.fs.usda.gov/treesearch/pubs/54367