000127765 001__ 127765 000127765 005__ 20241125101143.0 000127765 0247_ $$2doi$$a10.1016/j.forpol.2023.102998 000127765 0248_ $$2sideral$$a134860 000127765 037__ $$aART-2023-134860 000127765 041__ $$aeng 000127765 100__ $$aGil, José M. 000127765 245__ $$aAre prices converging in the global sawnwood market? 000127765 260__ $$c2023 000127765 5060_ $$aAccess copy available to the general public$$fUnrestricted 000127765 5203_ $$aThis paper aims at addressing if the increasing globalization in the international sawnwood markets has caused export prices to converge to a single reference price or, alternatively, certain restrictions remain to generate a segmented market where different reference prices for each market segment co-exist. Annual price series for the top-10 exporting countries are considered for that purpose. Results show that the data cannot support the null hypothesis of convergence. Instead, the global sawnwood market appears to be segmented into two convergence clubs (Chile-USA-Latvia-New Zealand and Canada-Germany-Austria-Finland-Sweden), while the Russian Federation exhibits an independent pathway. Causality tests are conducted to analyze the price dynamics in the global sawnwood products indicating that international price relationships are demand-driven. Finally, results suggest that the inclusion of a country in a particular convergence club is mainly determined by the price differential between countries (competition factors), and to a lesser extent, by the countries' combined market share in the global market (catching-up factors). 000127765 540__ $$9info:eu-repo/semantics/openAccess$$aby-nc-nd$$uhttp://creativecommons.org/licenses/by-nc-nd/3.0/es/ 000127765 590__ $$a4.0$$b2023 000127765 592__ $$a1.308$$b2023 000127765 591__ $$aFORESTRY$$b4 / 89 = 0.045$$c2023$$dQ1$$eT1 000127765 593__ $$aEconomics and Econometrics$$c2023$$dQ1 000127765 591__ $$aECONOMICS$$b76 / 600 = 0.127$$c2023$$dQ1$$eT1 000127765 593__ $$aSociology and Political Science$$c2023$$dQ1 000127765 591__ $$aENVIRONMENTAL STUDIES$$b47 / 182 = 0.258$$c2023$$dQ2$$eT1 000127765 593__ $$aManagement, Monitoring, Policy and Law$$c2023$$dQ1 000127765 593__ $$aForestry$$c2023$$dQ1 000127765 594__ $$a9.0$$b2023 000127765 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/publishedVersion 000127765 700__ $$0(orcid)0000-0002-5872-631X$$aMontañés, Antonio$$uUniversidad de Zaragoza 000127765 700__ $$aVásquez-González, Bernardo 000127765 7102_ $$14000$$2415$$aUniversidad de Zaragoza$$bDpto. Análisis Económico$$cÁrea Fund. Análisis Económico 000127765 773__ $$g155 (2023), 102998 [11 pp.]$$pForest Policy Econ.$$tFOREST POLICY AND ECONOMICS$$x1389-9341 000127765 8564_ $$s1063945$$uhttps://zaguan.unizar.es/record/127765/files/texto_completo.pdf$$yVersión publicada 000127765 8564_ $$s2579541$$uhttps://zaguan.unizar.es/record/127765/files/texto_completo.jpg?subformat=icon$$xicon$$yVersión publicada 000127765 909CO $$ooai:zaguan.unizar.es:127765$$particulos$$pdriver 000127765 951__ $$a2024-11-22-12:03:33 000127765 980__ $$aARTICLE