Title: An econometric model of the hardwood lumber market

Author: Luppold, William G.

Year: 1982

Publication: Res. Pap. NE-512. Broomall, PA: U.S. Department of Agriculture, Forest Service, Northeastern Forest Experiement Station. 15p.

Abstract: A recursive econometric model with causal flow originating from the demand relationship is used to analyze the effects of exogenous variables on quantity and price of hardwood lumber. Wage rates, interest rates, stumpage price, lumber exports, and price of lumber demanders' output were the major factors influencing quantities demanded and supplied and hardwood lumber price.