This study utilizes the Timber Assessment Market Model (TAMM) to examine the differences in Canadian softwood lumber market forecasts arising from econometric versus activity analysis supply curves. A restricted profit function approach is applied to three lumber producing regions using the most recent data available on costs, prices, and output...
The present study employs a normalized restricted quadratic profit function approach to estimate lumber and plywood supply and Marshallian factor demand elasticities for four region-product combinations in Oregon for the period 1970-2010. The four log demand functions will be employed as the "demand side" of the log market model of...
Increased competition brought about by trade liberalization has raised the stakes
for improving productivity in U.S. and Canadian food processing. A key element of
productivity growth is technological change, which in turn results from R&D investment.
The present study employs an econometric model to assess rates of technological change
and...