New elasticities and projections of global demand for coniferous sawnwood

Svein H.F. Skjerstad, A. Maarit I. Kallio, Olvar Bergland and Birger Solberg

Forest Policy and Economics, 2021, vol. 122, issue C

Abstract: Coniferous sawnwood is the most important solid wood product in terms of its production volume and economic significance. It also plays a vital role in the forestry-forest industry value chain. We estimated price- and income elasticities for per capita softwood sawnwood consumption based on FAO data. Varying demand patterns are found across the regions. Only the countries with little supply from their own domestic sources had significant price elasticities of demand, relatively inelastic in the short-term, but more elastic in the long-term. They also tended to have the highest income elasticities. The elasticity estimates obtained for the panels of very low- or very high-income countries were not statistically significant.

Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1389934120306626
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:forpol:v:122:y:2021:i:c:s1389934120306626

DOI: 10.1016/j.forpol.2020.102336

Access Statistics for this article

Forest Policy and Economics is currently edited by M. Krott

More articles in Forest Policy and Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().