Are prices converging in the global sawnwood market?
Gil, José M. ; Montañés, Antonio (Universidad de Zaragoza) ; Vásquez-González, Bernardo
Resumen: 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).
Idioma: Inglés
DOI: 10.1016/j.forpol.2023.102998
Año: 2023
Publicado en: FOREST POLICY AND ECONOMICS 155 (2023), 102998 [11 pp.]
ISSN: 1389-9341
Factor impacto JCR: 4.0 (2023)
Categ. JCR: FORESTRY rank: 4 / 89 = 0.045 (2023) - Q1 - T1
Categ. JCR: ECONOMICS rank: 76 / 600 = 0.127 (2023) - Q1 - T1
Categ. JCR: ENVIRONMENTAL STUDIES rank: 47 / 182 = 0.258 (2023) - Q2 - T1
Factor impacto CITESCORE: 9.0 - Management, Monitoring, Policy and Law (Q1) - Forestry (Q1) - Economics and Econometrics (Q1) - Sociology and Political Science (Q1)
Factor impacto SCIMAGO: 1.308 - Economics and Econometrics (Q1) - Sociology and Political Science (Q1) - Management, Monitoring, Policy and Law (Q1) - Forestry (Q1)
Tipo y forma: Article (Published version)
Área (Departamento): Área Fund. Análisis Económico (Dpto. Análisis Económico)
You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use. You may not use the material for commercial purposes. If you remix, transform, or build upon the material, you may not distribute the modified material.
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Idioma: Inglés
DOI: 10.1016/j.forpol.2023.102998
Año: 2023
Publicado en: FOREST POLICY AND ECONOMICS 155 (2023), 102998 [11 pp.]
ISSN: 1389-9341
Factor impacto JCR: 4.0 (2023)
Categ. JCR: FORESTRY rank: 4 / 89 = 0.045 (2023) - Q1 - T1
Categ. JCR: ECONOMICS rank: 76 / 600 = 0.127 (2023) - Q1 - T1
Categ. JCR: ENVIRONMENTAL STUDIES rank: 47 / 182 = 0.258 (2023) - Q2 - T1
Factor impacto CITESCORE: 9.0 - Management, Monitoring, Policy and Law (Q1) - Forestry (Q1) - Economics and Econometrics (Q1) - Sociology and Political Science (Q1)
Factor impacto SCIMAGO: 1.308 - Economics and Econometrics (Q1) - Sociology and Political Science (Q1) - Management, Monitoring, Policy and Law (Q1) - Forestry (Q1)
Tipo y forma: Article (Published version)
Área (Departamento): Área Fund. Análisis Económico (Dpto. Análisis Económico)
You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use. You may not use the material for commercial purposes. If you remix, transform, or build upon the material, you may not distribute the modified material. Exportado de SIDERAL (2024-11-22-12:03:33)
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Record created 2023-10-06, last modified 2024-11-25