An Integrated Model of Québec-Ontario-U.S. Northeast Softwood Lumber Markets

Jean-Thomas Bernard (), Luc Bouthillier, Jérôme Catimel and Nancy Gélinas

American Journal of Agricultural Economics, 1997, vol. 79, issue 3, 987-1000

Abstract: We analyze an interregional softwood lumber trade model for the three main species (spruce, pine, and fir [SPF]) which are indigenous to Québec, Ontario, and the U.S. Northeast. Demand for SPF softwood lumber is price elastic in Ontario and the U.S. Northeast, but not in Québec. It is inelastic with respect to residential construction. Supply price elasticities are less than one. Policy instruments such as exchange rate, export taxes, Canadian federal sales tax, and cost of logs change exports and imports but with minor effects on prices. Export (import) duties are more effective in redirecting trade than is a stumpage fee applied by the provinces. Copyright 1997, Oxford University Press.

Date: 1997
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Working Paper: An Integrated Model of Quebec-Ontario-U.S. Northeast Softwood Lumber Markets (1995)
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:79:y:1997:i:3:p:987-1000

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