Books  Habitats, Ecosystems & Natural Spaces  Forests - General & Temperate 

Modern Time Series Analysis in Forest Product Markets

Series: Forestry Sciences Volume: 58

Edited By: J Abildtrup, F Helles, P Holten-Andersen, JF Larsen and BJ Thorsen


Hardback | Dec 1999 | #154894 | ISBN: 0792355245
Availability: Usually dispatched within 1-2 weeks Details
NHBS Price: £149.00 $194/€166 approx

About this book

This volume comprises fifteen papers exploring the consequences of applying modern time-series methods, particularly co-integrated time-series methods, for the analysis of forest economics problems. The methods represent the forefront of econometrics in this area, and the volume is the first of its kind.
An introductory paper explains the econometrics of unit-root processes. Much of what follows in the other papers depends upon only a few of the ideas presented in the introduction. The volume includes tests of, e.g., the Law of One Price, land valuation models, demand and supply models, Granger-causality, and forecast models.
The reader will learn a great deal about forest economies, particularly in Northern Europe, and about the practical use of modern time-series methods. The methods presented are applicable to other fields of economics.


Preface; P. Berck. Introduction; F. Helles, et al. I: International Price Relations and Exchange Rates. Spatial Integration in the Nordic Timber Markets: Long-Run Equilibria and Short-Run Dynamics; B.J. Thorsen. Exchange Rate Pass-Through in Finnish Sawnwood Exports to the United Kingdom; R. Hanninen. The Law of One Price in United Kingdom Soft Sawnwood Imports -- A Cointegration Approach; R. Hanninen. Internationalisation of Roundwood Markets -- The Case of Denmark; B.J. Thorsen, et al. II: Demand and Supply Models. Modelling the Danish Demand for Roundwood Imports -- A Cointegration and Common Trends Analysis; H. Hansen, et al. Quarterly Model of the Finnish Sawlog and Pulpwood Markets -- A Cointegration Analysis; A. Toppinen. III: Causality, Forecasting, and Expectations. Estimation in a Long-Run, Short-Run Model; P. Berck. Do Exports Stimulate Growth? Evidence from International Woodpulp Data; W.-S. Chao, J. Buongiorno. Forecasting Danish Timber Prices with an Error Correction Model; J. Riis. Forecasting International Pulp Prices with Producer Inventories; A. Toppinen, et al. IV: Capital Asset Evaluation. Testing a Present Value Model of Forest Land; J.F. Larsen, J. Riis. Exploring Sources of Systematic Risk in Danish Forest Asset Returns; J.F. Larsen, J. Riis. V: Management Implications of Time Series Properties. The Behaviour of Timber Rents in Sweden, 1909-1990; L. Hultkrantz. Optimal Harvesting Policies with Stationary and Non-Stationary Prices: An Option Value Approach; A.J. Plantinga. List of Authors.

Write a review

There are currently no reviews for this product. Be the first to review this product!

Bestsellers in this subject

Managing Your Woodland for Wildlife

NHBS Price: £12.99 $17/€14 approx

A Dendrologist's Handbook

NHBS Price: £10.50 $14/€12 approx

Arboreal: A Collection of New Woodland Writing

NHBS Price: £19.99 $26/€22 approx

Guide to Ancient Woodland Indicator Plants

NHBS Price: £3.50 $5/€4 approx

Woodland Development

NHBS Price: £34.99 $45/€39 approx

VAT: GB 407 4846 44
NHBS Ltd is registered in England and Wales: 1875194