Empirical Analysis of the Lumber/Wood Products Industry and Forestry in Japan

Katsushi Mizuno

No 334533, 97th Annual Conference, March 27-29, 2023, Warwick University, Coventry, UK from Agricultural Economics Society - AES

Abstract: We have developed a method for estimating the “ elasticity of input costs (labor and capital) with respect to total output” by applying the system - wide approach theory of econometrician H.Theil. It presents as a quantitative economic indicator whether the target industry is labor-intensive or capitalintensive. Analysis of the forestry and lumber/wood products industries using this method revealed that the two industries are in different structural states, with the forestry industry being labor-intensive and the lumber/wood products industry being capital-intensive. Forestry and lumber/wood products are closely related industries, and mutual understanding will promote mutual development. In positioning forestry and lumber/wood products industries as major industries in the Japanese economy, the challenge is how to respond to this unbalanced industrial structure.

Keywords: Resource/Energy; Economics; and; Policy (search for similar items in EconPapers)
Pages: 5
Date: 2023-03
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aesc23:334533

DOI: 10.22004/ag.econ.334533

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