... determinants behind timber price recovery, and they can explain the recovery thoroughly if the uncertainty of model inputs is also considered simultaneously. The impact of curve rotation (i.e., the change in demand or supply elasticity across the quarters) is small and hardly separable from that of model input...

...Han Zhang; Jari Kuuluvainen; Ying Lin; Penghui Gao; Hongqiang Yang The monthly data of China’s log import from January 2000 to December 2013 are used to estimate the import demand elasticities, with the consideration of possible price endogeneity due to China’s large share of the international log...

... products and had the theoretically expected positive signs. The three policy initiatives significantly reduced the exports of sawnwood, but increased the exports of plywood and veneer. Price was moderately elastic for sawnwood and plywood and had the expected negative signs in both cases, while...

... was obtained by pooling the data across countries and products. In the short run, exports were very elastic with respect to the exchange rate (2.6), while imports were moderately elastic (1.2). In the long run, the elasticity decreased but remained significant (0.5 for both exports and imports). Appreciation...