Abstract
AbstractThe human demand on forest products has been getting more significant over time as people increasingly continue to convert forests to agricultural and urban uses. The consequence of these human activities is the loss of forest resources through deforestation and forest degradation as exemplified by the continued degradation of the Amazon rainforest, which has implication for sustainable development. However, several economic aspects of forestry have not been adequately investigated in the existing literature including the persistence of forest products footprint. The importance of examining the persistence or nonstationary of forest products footprint is that it tells us whether blueprints to address the rising forest products footprint will be effective or not. The aim of this paper is to examine the nonstationarity of forest products footprint in 89 countries using a new panel stationarity test that provides for gradual breaks, heterogeneity across cross‐sectional units and cross‐sectional dependency. The results suggest significant evidence for nonstationarity of the forest products footprint. The policy implications of the results are elaborated in the body of the paper.
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