...@etud.univ-pau.fr . 10 01 2025 03 04 2025 04 05 2025 © 2025 Yaya Sane et al. 2025 Yaya Sane et al. Licensed re-use rights only Forest rent Climate change Time series Asymmetric effects Cointegration C13 C32 C51 C87 R52 Q51 Q23 Over the past...

...Eduardo Hildt; Adriana Bussoni; Virginia Morales Olmos; Patricio M. Mac Donagh; Frederick W. Cubbage We analysed the degree of price cointegration among pine log markets in northeast Argentina, Paraná State of Brazil, and Uruguay by examining price series over the period 2008--2020. We evaluated...

... market, and structural break caused by global financial crisis in 2008. To address the possible structural break, cointegration tests allowing for a deterministic shift in the level of the variables are employed, and a two-stage estimation with top-down sequential elimination algorithm is performed...

... of variables and to control for the potential endogeneity, the bounds testing approach for cointegration is employed within an autoregressive distributed lag framework. The results show that there exists a long-run cointegrating relationship between China’s lumber import and some specific explanatory variables...

... for forest fires. The problems related to spurious regression were addressed by applying the bounds testing approach to cointegration, and confidence intervals were constructed using the bootstrap technique. The results indicate that pulp exports have a positive effect on the harvested timber volume...

... 8755341x235. 14 10 2009 15 07 2010 © 2010 Department of Forest Economics, SLU Umeå, Sweden 2010 Department of Forest Economics, SLU Umeå, Sweden Licensed re-use rights only U.S. softwood lumber market Non-stationary time series Cointegration Elasticities Q11...

..., have actually reflected changes in the physical timber inventories in Finland and Sweden during the past seventy years. Cointegration and unit root tests show that no long-term equilibrium relationships exist between the timber prices and stocks.After identifying a potential reason for the result...

... cointegration tests were conducted for price pairs among 21 price regions and were done for both delivered southern pine sawlogs and delivered southern pine pulpwood logs. Multivariate meta-analytic regressions of cointegration test results on hypothesized explanatory factors were run for pulpwood and sawlog...

... is a homogenous commodity, and the three price series are analyzed with respect to market integration. Using the cointegration estimator two cointegrating vectors are found within the system, and the weak Law of One Price can be imposed on domestic- and import prices. Imports are weakly exogenous to the two other...

...Keewan Jee; Weiqiu Yu In this paper, Johansen multivariate cointegration tests are adopted to investigate the U.S. demand for Canadian newsprint using monthly data from May 1988 to December 1996. Preliminary data analysis shows that all data are non-stationary which implies that previous...

...Venkatarao Nagubadi; Ian A. Munn; Alireza Tahai The law of one price is tested using Johansen’s simultaneous multivariate cointegration framework and the question of market integration is examined for hardwood pulpwood, mixed hardwood sawtimber, and oak sawtimber in six states (Alabama...

...Anne Toppinen; Ritva Toivonen Roundwood market integration in Finland is analysed by four wood assortments and four regions both in the short- and long-run. Using Johansen’s multivariate cointegration tests and monthly stumpage prices for 1985–96, tests indicated full long-run market...

...Jakob Riis Annual Danish timber prices 1954 through 1992 are modelled along with a corresponding Swedish price series in a vector autoregressive (VAR) system. The two sets of prices are found to be cointegrated which indicates economic integration of the two markets. Restrictions...