| dc.contributor.author | Parajuli, Rajan | |
| dc.contributor.author | Tanger, Shaun | |
| dc.contributor.author | Joshi, Omkar | |
| dc.contributor.author | Henderson, James | |
| dc.date.accessioned | 2019-08-28T16:00:52Z | |
| dc.date.available | 2019-08-28T16:00:52Z | |
| dc.date.issued | 2016-07-20 | |
| dc.identifier | oksd_tanger_modelingpricesf_2016 | |
| dc.identifier.citation | Parajuli, R., Tanger, S., Joshi, O., & Henderson, J. (2016). Modeling prices for sawtimber stumpage in the South-Central United States. Forests, 7, Article 148. https://doi.org/10.3390/f7070148 | |
| dc.identifier.uri | https://hdl.handle.net/11244/321383 | |
| dc.description.abstract | The South-Central United States, which includes the states of Louisiana, Mississippi, Texas, and Arkansas, represents an important segment of the softwood sawtimber market. By using the Seemingly Unrelated Regression (SUR) method to account for the linkage among the four contiguous timber markets, this study examines the dynamics of softwood sawtimber stumpage markets within the region. Based on quarterly data from 1981 to 2014, the findings reveal that both pulpwood and chip-and-saw (CNS) prices have a positive influence on the Texas and Arkansas sawtimber markets. Moreover, Granger-causality tests suggest that unidirectional causality runs from pulpwood and CNS markets to the respective sawtimber market. Compared to the pre-financial crisis period, sawtimber prices in these four states are 9%-17% lower in the recent years. | |
| dc.format | application/pdf | |
| dc.language | en_US | |
| dc.publisher | MDPI | |
| dc.rights | This material has been previously published. In the Oklahoma State University Library's institutional repository this version is made available through the open access principles and the terms of agreement/consent between the author(s) and the publisher. The permission policy on the use, reproduction or distribution of the material falls under fair use for educational, scholarship, and research purposes. Contact Digital Resources and Discovery Services at lib-dls@okstate.edu or 405-744-9161 for further information. | |
| dc.title | Modeling prices for sawtimber stumpage in the South-Central United States | |
| osu.filename | oksd_tanger_modelingpricesf_2016.pdf | |
| dc.description.peerreview | Peer reviewed | |
| dc.identifier.doi | 10.3390/f7070148 | |
| dc.description.department | Natural Resource Ecology and Management | |
| dc.type.genre | Article | |
| dc.type.material | Text | |
| dc.subject.keywords | sawtimber prices | |
| dc.subject.keywords | chip-and-saw prices | |
| dc.subject.keywords | pulpwood prices | |
| dc.subject.keywords | seemingly unrelated regression | |
| dc.subject.keywords | granger causality | |
