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Provedor de dados:  AgEcon
País:  United States
Título:  A Re-examination of Factors Affecting United States Softwood Lumber Imports from Canada
Autores:  Baek, Jungho
Data:  2010-04-27
Ano:  2010
Palavras-chave:  Exchange rate
Housing starts
Lumber imports
Lumber price
Phillips-Hansen fully-modified cointegration technique
Softwood lumber trade
International Relations/Trade
Resource /Energy Economics and Policy
Resumo:  This paper examines the effects of the lumber price, the housing starts, and the bilateral exchange rate on U.S. softwood lumber imports from Canada in a cointegration framework. To that end, the Phillips-Hansen fully-modified cointegration (FM-OLS) procedure is applied to monthly data for the period from January 1994 through June 2009. Results show that there exists the long-run equilibrium relationship between the U.S. lumber imports from Canada and the selected macroeconomic and market variables. We also find that the U.S. lumber price and housing starts are more important than the bilateral exchange rate in influencing U.S.-Canada softwood lumber trade.
Tipo:  Conference Paper or Presentation
Idioma:  Inglês
Identificador:  http://purl.umn.edu/60930
Relação:  Agricultural and Applied Economics Association>2010 Annual Meeting, July 25-27, 2010, Denver, Colorado
Selected Paper
10442
Formato:  20
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