The Forest Resource Conservation and Shortage Relief Act of 1990 was the first federal attempt to impose a blanket restriction on export of roundwood to conserve existing forest cover and generate economic benefits from exporting processed wood. This study estimates the export demand equation for total export from United States Pacific Northwest, major species and destination countries using Johansen multivariate time series analysis. Cointegration rank is identified using Johansen cointegration test incorporating a structural breaks and normalized restriction is imposed to predict demand function under the framework of vector error correction model. All the variables under study are statistically significant with expected signs in the long run demand estimates. Roundwood export restriction policies are found to have impacted the export demand equation negatively. The study helps to understand the impact of log export restrictions policies along with other economic variables and assist in future policy formulations.
| Identifer | oai:union.ndltd.org:MSSTATE/oai:scholarsjunction.msstate.edu:td-5581 |
| Date | 03 May 2019 |
| Creators | Ban, Bibek |
| Publisher | Scholars Junction |
| Source Sets | Mississippi State University |
| Detected Language | English |
| Type | text |
| Format | application/pdf |
| Source | Theses and Dissertations |
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