127765 20241125101143.0 doi 10.1016/j.forpol.2023.102998 sideral 134860 ART-2023-134860 eng Gil, José M. Are prices converging in the global sawnwood market? 2023 Access copy available to the general public Unrestricted This 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). info:eu-repo/semantics/openAccess by-nc-nd http://creativecommons.org/licenses/by-nc-nd/3.0/es/ 4.0 2023 FORESTRY 4 / 89 = 0.045 2023 Q1 T1 ECONOMICS 76 / 600 = 0.127 2023 Q1 T1 ENVIRONMENTAL STUDIES 47 / 182 = 0.258 2023 Q2 T1 1.308 2023 Economics and Econometrics 2023 Q1 Sociology and Political Science 2023 Q1 Management, Monitoring, Policy and Law 2023 Q1 Forestry 2023 Q1 9.0 2023 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Montañés, Antonio Universidad de Zaragoza (orcid)0000-0002-5872-631X Vásquez-González, Bernardo 4000 415 Universidad de Zaragoza Dpto. Análisis Económico Área Fund. Análisis Económico 155 (2023), 102998 [11 pp.] Forest Policy Econ. FOREST POLICY AND ECONOMICS 1389-9341 1063945 http://zaguan.unizar.es/record/127765/files/texto_completo.pdf Versión publicada 2579541 http://zaguan.unizar.es/record/127765/files/texto_completo.jpg?subformat=icon icon Versión publicada oai:zaguan.unizar.es:127765 articulos driver 2024-11-22-12:03:33 ARTICLE