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ARE LOG MARKETS COMPETITIVE? EMPIRICAL EVIDENCE AND IMPLICATIONS FOR CANADA-U.S. TRADE IN SOFTWOOD LUMBER AgEcon
Niquidet, Kurt; van Kooten, G. Cornelis.
Under the U.S. Department of Commerce’s ‘changed circumstances’ review, it is possible that the countervail duty on Canadian lumber can be lowered if administered stumpage prices are based on transaction evidence appraisal – on actual auction data and regression analysis. The Province of British Columbia is implementing such a marketbased approach to set stumpage fees, relying on timber auction data from the Small Business Forest Enterprise Program (SBFEP) and OLS regression. We employ SBFEP data to estimate a truncated regression model, comparing our estimates of stumpage fees with the OLS results. It turns out that the OLS approach is biased and likely results in overestimates of stumpage in some timber stands and underestimates in others. Further, we...
Tipo: Working or Discussion Paper Palavras-chave: International Relations/Trade.
Ano: 2004 URL: http://purl.umn.edu/18164
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ARE LOG MARKETS COMPETITIVE? EMPIRICAL EVIDENCE AND IMPLICATIONS FOR CANADA-U.S. TRADE IN SOFTWOOD LUMBER AgEcon
Niquidet, Kurt; van Kooten, G. Cornelis.
Under the U.S. Department of Commerce's 'changed circumstances' review, it is possible that the countervail duty on Canadian lumber can be lowered if administered stumpage prices are based on a transaction evidence appraisal - on actual auction data and regression analysis. The Province of British Columbia is implementing such a market-based approach to set stumpage fees, relying on timber auction data from the Small Business Forest Enterprise Program and OLS regression. We employ Program data to estimate a truncated regression model, comparing our estimates of stumpage fees with the OLS results. It turns out that the OLS approach is biased and likely results in overestimates of stumpage in some timber stands and underestimates in others. Further, we...
Tipo: Conference Paper or Presentation Palavras-chave: International Relations/Trade.
Ano: 2004 URL: http://purl.umn.edu/19985
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Bio-energy from Mountain Pine Beetle Timber and Forest Residuals: The Economics Story AgEcon
Niquidet, Kurt; Stennes, Brad; van Kooten, G. Cornelis.
In light of the large volumes of pine killed in the Interior forests in British Columbia by the mountain pine beetle, many are keen to employ forest biomass as an energy source. To assess the feasibility of a wood biomass-fired power plant in the BC Interior it is necessary to know both how much physical biomass might be available over the life of a plant, but also its location because transportation costs are likely to be a major operating cost for any facility. To address these issues, we construct a mathematical programming model of fiber flows in the Quesnel Timber Supply Area of BC over a 25-year time horizon. The focus of the model is on minimizing the cost of supplying feedstock throughout space and time. Results indicate that over the life of the...
Tipo: Working or Discussion Paper Palavras-chave: Forest economics; Biomass and bio-energy; Forest pests; Resource /Energy Economics and Policy; O13; Q23; Q42.
Ano: 2008 URL: http://purl.umn.edu/45476
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Forest-Mill Integration: A Transaction Costs Perspective AgEcon
Niquidet, Kurt; O'Kelly, Glen.
In Canada, where public ownership of forestland is prevalent, a central decision facing policy makers is how to allocate timber resources to private forest companies. Debates tend to focus around what proportion of the annual harvest should be devoted to markets opposed to long-term contracts. To give a guide to policy makers, we surveyed forest firms from New Zealand and Sweden where this decision is based purely on a commercial basis. On average, mills source fifty percent of their fibre from the market. However, using a fractional logit model, we test whether theories from transaction cost economics influence this decision. Results are consistent with transaction cost economics; firms decrease the proportion of fibre sourced from a market with...
Tipo: Working or Discussion Paper Palavras-chave: Transaction costs; Forest tenure; Vertical integration; Environmental Economics and Policy; Resource /Energy Economics and Policy; D23; K23; L22; L73.
Ano: 2008 URL: http://purl.umn.edu/37086
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Implications of Expanding Bioenergy Production from Wood in British Columbia: An Application of a Regional Wood Fibre Allocation Model AgEcon
Stennes, Brad; Niquidet, Kurt; van Kooten, G. Cornelis.
Energy has been produced from woody biomass in British Columbia for many decades, but it was used primarily within the pulp and paper sector, using residual streams from timber processing, to create heat and electricity for on-site use. More recently, there has been limited stand-alone electricity production and increasing capacity to produce wood pellets, with both using ‘waste’ from the sawmill sector. Hence, most of the low-cost feedstock sources associated with traditional timber processing is now fully employed. While previous studies model bioenergy production in isolation, we employ a transportation model of the BC forest sector with 24 regions to demonstrate that it is necessary to consider the interaction between utilization of woody feedstock for...
Tipo: Working or Discussion Paper Palavras-chave: Bioenergy production from wood fibre; Mountain pine beetle; Competition for fibre; Environmental Economics and Policy; Resource /Energy Economics and Policy; Q23; Q42; C61; Q54.
Ano: 2009 URL: http://purl.umn.edu/50782
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Regional Log Market Integration in New Zealand AgEcon
Niquidet, Kurt; Manley, Bruce.
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 Palavras-chave: Log market; Co-integration; Law of one price; Environmental Economics and Policy; Resource /Energy Economics and Policy; Q23; R32.
Ano: 2008 URL: http://purl.umn.edu/37082
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Resolving Canada-U.S. Trade Disputes in Agriculture and Forestry: Lessons from Lumber AgEcon
Biggs, Jeffrey; Laaksonen-Craig, Susanna; Niquidet, Kurt; van Kooten, G. Cornelis.
Prominent trade disputes between Canada and the U.S. involve agriculture and forestry, with lack of transparency caused by Canadian non-market institutions a source of U.S. objections. Though there has been a recent flurry of activity in the binational dispute resolution panel on Canadian exports of wheat, one of every six panels since 1989 has involved softwood lumber. We examine lessons from the lumber dispute to shed light on U.S. objections to the Canadian Wheat Board (CWB). We argue that U.S. lumber lobbyists will continue to use perceived Canadian institutional obscurity to keep pressure on policymakers, while the CWB system enables similar agricultural interests in to agitate for trade sanctions. Traditional strategies such as dispute resolution...
Tipo: Working or Discussion Paper Palavras-chave: International Relations/Trade; Q17; Q18; Q23; Q27.
Ano: 2005 URL: http://purl.umn.edu/37011
Registros recuperados: 7
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