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EMPIRICAL DEMAND ANALYSIS FOR LONG - LENGTH ROUNDWOOD (SAWLOGS) IN GREECE

Stathis Klonaris () and Garyfallos Arabatzis ()
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Garyfallos Arabatzis: Department of Forestry and Management of the Environment and Natural Resources, Democritus University of Thrace

No 2009-03, Working Papers from Agricultural University of Athens, Department Of Agricultural Economics

Abstract: In Greece and internationally, the roundwood is one of the most important forest products as it is used widely in construction and building sector. In this study the process of wholesale long-length roundwood (>2m) price determination is depicted in the form of an inverse demand system. The empirical application based on five species of long-length roundwood using yearly data for auctions providing reasonable and promising results. The own-quantity flexibilities suggest that the responses of prices to own-quantity changes are inelastic while Allais coefficients suggest substitutability between the different species of log-length roundwood.

Keywords: Inverse Almost Ideal Demand System; demand analysis; flexibilities; long-length roundwood; wood sector; Greece (search for similar items in EconPapers)
JEL-codes: Q11 F10 C32 (search for similar items in EconPapers)
Date: 2009
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