This paper examines the aggregate pulpwood market in Finland using the econometric approach advoc... more This paper examines the aggregate pulpwood market in Finland using the econometric approach advocated by Hendry, Neale, and Joba and Spanos, who propose a statistically consistent way to estimate simultaneous-equations models. Private nonindustrial timber supply is estimated along with a three-input demand function (capital, labor, and wood). Results indicate that short-term supply reacts positively to an increase in stumpage price, while the long-term (total) elasticity is negative and small in absolute terms. Capital is a complement while labor is a substitute for roundwood input.
... The Nordic Experience By Runar Brännlund 1 , Lauri Hetemäki 2 , Bengt Kriström 3 and EirikRom... more ... The Nordic Experience By Runar Brännlund 1 , Lauri Hetemäki 2 , Bengt Kriström 3 and EirikRomstad 4 1Department of Economics University of Umeå S-901 87 Umeå, Sweden 2The Finnish Forest Research Institute Unionskatu 40 A Helsinki, Finland ...
The development and structural changes that the forest sector in Finland is going through emphasi... more The development and structural changes that the forest sector in Finland is going through emphasizes the need to modify the forest policies in Finland. A shift from a focus on timber production and traditional forestry products toward new products as well as new services is called for. New services include the climate and bioenergy potential services, landscape, travelling and recreation, and ecological services. This report describes the structural context and principles of an ongoing modeling work in Metla. This work is part of the research project The Future Development of the Finnish Forest Sector, which is sponsored by Metla and Metsämiesten Säätiö Foundation. The purpose of the modeling work is to build a policy simulation model to be able to analyze policies relevant for the Finnish forest sector.
Available online xxxx JEL classification: Q41 Q42 Q48 Q58 Keywords: Renewable energy Energy polic... more Available online xxxx JEL classification: Q41 Q42 Q48 Q58 Keywords: Renewable energy Energy policy Biofuel Biorefinery Partial equilibrium model
This paper examines the aggregate pulpwood market in Finland using the econometric approach advoc... more This paper examines the aggregate pulpwood market in Finland using the econometric approach advocated by Hendry, Neale, and Joba and Spanos, who propose a statistically consistent way to estimate simultaneous-equations models. Private nonindustrial timber supply is estimated along with a three-input demand function (capital, labor, and wood). Results indicate that short-term supply reacts positively to an increase in stumpage price, while the long-term (total) elasticity is negative and small in absolute terms. Capital is a complement while labor is a substitute for roundwood input.
... The Nordic Experience By Runar Brännlund 1 , Lauri Hetemäki 2 , Bengt Kriström 3 and EirikRom... more ... The Nordic Experience By Runar Brännlund 1 , Lauri Hetemäki 2 , Bengt Kriström 3 and EirikRomstad 4 1Department of Economics University of Umeå S-901 87 Umeå, Sweden 2The Finnish Forest Research Institute Unionskatu 40 A Helsinki, Finland ...
The development and structural changes that the forest sector in Finland is going through emphasi... more The development and structural changes that the forest sector in Finland is going through emphasizes the need to modify the forest policies in Finland. A shift from a focus on timber production and traditional forestry products toward new products as well as new services is called for. New services include the climate and bioenergy potential services, landscape, travelling and recreation, and ecological services. This report describes the structural context and principles of an ongoing modeling work in Metla. This work is part of the research project The Future Development of the Finnish Forest Sector, which is sponsored by Metla and Metsämiesten Säätiö Foundation. The purpose of the modeling work is to build a policy simulation model to be able to analyze policies relevant for the Finnish forest sector.
Available online xxxx JEL classification: Q41 Q42 Q48 Q58 Keywords: Renewable energy Energy polic... more Available online xxxx JEL classification: Q41 Q42 Q48 Q58 Keywords: Renewable energy Energy policy Biofuel Biorefinery Partial equilibrium model
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