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Keywords: Long- and short-run elasticities
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Journal Articles
Journal:
Journal of Forest Economics
Journal of Forest Economics (2015) 21 (4): 269–282.
Published: 01 December 2015
...) and the Global Forest Products Model (GFPM) (Buongiorno et al., 2003), because the parameters in these models usually refer to aggregate elasticities. In addition, this paper is the first to estimate long- and short-run elasticities within an ARDL framework. Third, the potential problems due to endogeneity...
