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Keywords: market efficiency
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Journal Articles
Journal:
Journal of Forest Economics
Journal of Forest Economics (2000) 6 (2): 131–149.
Published: 31 July 2000
... suggest that in Finland this century past stumpage prices have had predictive power but that markets have not used this information efficiently. The methodology proposed helps overcome conceptual problems encountered in testing timber market efficiency based on stationarity tests. We thank...
