Modern Time Series Analysis in Forest Products Markets

Abstract

Preface P. Berck. Introduction F. Helles, et al. I: International Price Relations and Exchange Rates. Spatial Integration in the Nordic Timber Markets: Long-Run Equilibria and Short-Run Dynamics B.J. Thorsen. Exchange Rate Pass-Through in Finnish Sawnwood Exports to the United Kingdom R. Hanninen. The Law of One Price in United Kingdom Soft Sawnwood Imports - A Cointegration Approach R. Hanninen. Internationalisation of Roundwood Markets - The Case of Denmark B.J. Thorsen, et al. II: Demand and Supply Models. Modelling the Danish Demand for Roundwood Imports - A Cointegration and Common Trends Analysis H. Hansen, et al. Quarterly Model of the Finnish Sawlog and Pulpwood Markets - A Cointegration Analysis A. Toppinen. III: Causality, Forecasting, and Expectations. Estimation in a Long-Run, Short-Run Model P. Berck. Do Exports Stimulate Growth? Evidence from International Woodpulp Data W.-S. Chao, J. Buongiorno. Forecasting Danish Timber Prices with an Error Correction Model J. Riis. Forecasting International Pulp Prices with Producer Inventories A. Toppinen, et al. IV: Capital Asset Evaluation. Testing a Present Value Model of Forest Land J.F. Larsen, J. Riis. Exploring Sources of Systematic Risk in Danish Forest Asset Returns J.F. Larsen, J. Riis. V: Management Implications of Time Series Properties. The Behaviour of Timber Rents in Sweden, 1909-1990 L. Hultkrantz. Optimal Harvesting Policies with Stationary and Non-Stationary Prices: An Option Value Approach A.J. Plantinga. List of Authors.