This study uses a translog cost function to specify the production structures of the softwood lumber industry in three U.S. regions (the West Coast, the Inland, and the South), and four Canadian regions (Ontario, the British Columbia Coast, the British Columbia Interior and Quebec), from 1988 to 2005. First, two separate production models are specified and analyzed, one is a “U.S. model” for the U.S. regions, and the other is a “Canada model” for the Canadian regions. Second, all seven regions are included in one production model, a “U.S.-Canada model”. In the U.S.-Canada model, purchasing power parity over the Gross Domestic Product is used to convert cost and price data of Canada from Canadian into U.S. dollars. The Allen and Morishima elasticities of substitution, price elasticiteis of demand, rate of technical change, and total factor productivity growth are estimated in each model, and the results are presented and compared.
| Identifer | oai:union.ndltd.org:TORONTO/oai:tspace.library.utoronto.ca:1807/18812 |
| Date | 15 February 2010 |
| Creators | Li, Jingjing |
| Contributors | Kant, Shashi |
| Source Sets | University of Toronto |
| Language | en_ca |
| Detected Language | English |
| Type | Thesis |
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