Data/hora: 09/06/2024 08:41:28

Provedor de dados: | 31
País: | United States
Título: | Regional Log Market Integration in New Zealand
Autores: | Niquidet,   Kurt; Manley,   Bruce.
Data: | 2008-06-10
Ano: | 2008
Palavras-chave: | Log market; Co-integration; Law of one price; Environmental Economics and Policy; Resource /Energy Economics and Policy; Q23; R32.
Resumo: | In this paper the integration of log prices across four regions in New Zealand was assessed. A time series of prices for six radiata pine (Pinus radiata D. Don) log grades in each of the regions were tested for co-integration using Johansen’s method and Engle-Granger pair wise tests. Prices for export grades display significant integration across regions and generally follow the law of one price. However, markets for domestic grades tend to be regionally segregated. These results are most likely due to the high costs of transporting logs between regions. Future modelling will need to incorporate such transportation costs in order to adequately characterise log markets in the country.
Tipo: | Working or Discussion Paper
Idioma: | Inglês
Identificador: | http://purl.umn.edu/37082

Relação:

University of Victoria&gt;Resource and Environmental Economics and Policy Analysis Research Group&gt;Working Papers

REPA Working Paper

2008-03

Formato: | 31