Province specific impacts of the 2006 United States-Canada Softwood Lumber Agreement: A seemingly unrelated regression approach

Rajan Parajuli, Daowei Zhang and Keta Kosman

Forest Policy and Economics, 2018, vol. 90, issue C, 1-6

Abstract: In this paper, we evaluate effects of the 2006 U.S.-Canada Softwood Lumber Agreement (SLA 2006) in U.S. lumber imports from Canadian provinces. Based on monthly data from January 1988 to October 2015, we estimate a system of U.S. softwood lumber import equations by using Seemingly Unrelated Regression approach. The results reveal that SLA 2006 had a negative impact on softwood lumber shipments to the U.S. from British Columbia, Ontario, Quebec, and Saskatchewan, and no effect on those from SLA-exempted provinces. Thus, SLA 2006 did not provide an opportunity for trade diversion from SLA covered provinces to exempted provinces.

Keywords: U.S. lumber imports; Trade diversion; Softwood Lumber Agreement 2006; U.S. housing starts; Seemingly unrelated regression (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:forpol:v:90:y:2018:i:c:p:1-6

DOI: 10.1016/j.forpol.2017.12.010

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