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Home > Science, Technology & Agriculture > Agriculture and farming > Forestry and silviculture > Modern Time Series Analysis in Forest Products Markets: (58 Forestry Sciences)
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Modern Time Series Analysis in Forest Products Markets: (58 Forestry Sciences)

Modern Time Series Analysis in Forest Products Markets: (58 Forestry Sciences)


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About the Book

This volume comprises fifteen papers exploring the consequences of applying modern time-series methods, particularly co-integrated time-series for the analysis of forest economics problems. The methods represent the forefront of econometrics in this area. An introductory paper explains the econometrics of unit-root processes. Much of what follows in the other papers depends upon only a few of the ideas presented in the introduction. The volume includes tests of the Law of One Price, land valuation models, demand and supply models, Granger-causality, and forecast models. The reader will learn a great deal about forest economies, particularly in Northern Europe, and about the practical use of modern time-series methods. The methods presented are applicable to other fields of economics. The volume is aimed at researchers in applied economics and as a supplement to (advanced) theoretical textbooks, mainly in natural resource economics.

Table of Contents:
Introducing Unit Roots and Cointegration.- I International Price Relations and Exchange Rates.- Spatial Integration in the Nordic Timber Markets: Long-Run Equilibria and Short-Run Dynamics.- Exchange Rate Pass-Through in Finnish Sawnwood Exports to The United Kingdom.- The Law of One Price in United Kingdom Soft Sawnwood Imports – A Cointegration Approach.- Internationalisation of Roundwood Markets – the Case of Denmark.- II Demand and Supply Models.- Modelling the Danish Demand for Roundwood Imports – a Cointegration and Common Trends Analysis.- Quarterly Model of the Finnish Sawlog and Pulpwood Markets – A Cointegration Analysis.- III Causality, Forecasting, and Expectations.- Estimation in a Long-Run, Short-Run Model.- Do Exports Stimulate Growth? Evidence from International Woodpulp Data.- Forecasting Danish Timber Prices with an Error Correction Model.- Forecasting International Pulp Prices with Producer Inventories.- IV Capital Asset Evaluation.- Testing a Present Value Model of Forest Land.- Exploring Sources of Systematic Risk in Danish Forest Asset Returns.- V Management Implications of Time Series Properties.- The Behaviour of Timber Rents in Sweden, 1909–1990.- Optimal Harvesting Policies with Stationary and Non-Stationary Prices: An Option Value Approach.- List of Authors.


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Product Details
  • ISBN-13: 9780792355243
  • Publisher: Kluwer Academic Publishers
  • Publisher Imprint: Kluwer Academic Publishers
  • Height: 244 mm
  • No of Pages: 221
  • Returnable: N
  • Width: 170 mm
  • ISBN-10: 0792355245
  • Publisher Date: 31 Dec 1998
  • Binding: Hardback
  • Language: English
  • Returnable: N
  • Series Title: 58 Forestry Sciences


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