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Dynamic models of the roundwood market in Finland

Pentti Forsman and Tarja Heinonen
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Pentti Forsman: Bank of Finland
Tarja Heinonen: Bank of Finland

Finnish Economic Papers, 1989, vol. 2, issue 1, 48-54

Abstract: We contribute to the discussion of the reasons why the supply of roundwood has lagged behind the growth of forests since the early I970s. Our dynamic models of the roundwood market provide some evidence that the very low level of the real interest rate is an important reason for the sluggishness of fellings in private forests.

Date: 1989
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