An econometric model of the hardwood lumber market

William Luppold

doi:10.2737/NE-RP-512

Treesearch

An econometric model of the hardwood lumber market

Informally Refereed

Authors:

William Luppold

Year:

1982

Type:

Research Paper

Station:

Northern Research Station

DOI:

https://doi.org/10.2737/NE-RP-512

Source:

Res. Pap. NE-512. Broomall, PA: U.S. Department of Agriculture, Forest Service, Northeastern Forest Experiement Station. 15p.

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Download (PDF 1.50 MB): https://research.fs.usda.gov/download/treesearch/15064.pdf

Abstract

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.

Keywords

Demand, supply, price

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.