Graduate Thesis Or Dissertation
 

Measuring the Economic Impacts of Natural Disturbances and Policy Interventions on Log and Lumber Markets in Oregon

Público Deposited

Contenido Descargable

Descargar PDF
https://ir.library.oregonstate.edu/concern/graduate_thesis_or_dissertations/g445cn30d

Descriptions

Attribute NameValues
Creator
Abstract
  • The forest sector forms an important part of Oregon’s economy, especially in rural communities. However, the economic performance and development of the sector are subject to both significant natural disturbances and to new and existing policies. The most common and disastrous natural disturbances in Oregon are wildfires. The Biscuit Fire burned nearly a half million acres in 2002, which made it the largest single wildfire in the recorded history of Oregon. Salvage logging is usually conducted to recover some economic value of damaged trees, however a surge in salvage timber can also cause market prices to become depressed. The first part of this dissertation analyzes the immediate short-run, short-run, and long-run effects from the Biscuit Fire on log price dynamics. An intervention model was applied to estimate the price changes in several log markets of western Oregon in the period of the Biscuit Fire, during the salvage logging, and after the salvage logging. The investigation of price dynamics during different stages of wildfires provides important market information for the participants in timber markets. The second part of this dissertation quantifies the price elasticities of the log and lumber markets in Oregon. Classic econometric models, two-stage-least square (2SLS) estimation and vector error correction model (VECM), are applied to estimate elasticities. Estimates of price elasticities are necessary for conducting assessments and comparisons of the economic performance of alternative policy instruments, such as taxes and subsidies. In the third part of this dissertation, the goal is to quantify the changes in prices, quantities, and economic welfare in the log and lumber markets in Oregon when the market is subjected to a hypothetical log export tax, a subsidy to mills, and a subsidy to lumber consumers. The amounts of additional carbon stored in lumber products are also assessed under the alternative policy scenarios. The results are based on an equilibrium displacement model (EDM) that takes into account the feedback effects from lumber markets on log prices. The findings suggest that subsidies paid to lumber consumers in Oregon are a promising policy alternative in terms of its economic and employment impacts.
License
Resource Type
Fecha de Emisión
Degree Level
Degree Name
Degree Field
Degree Grantor
Commencement Year
Advisor
Committee Member
Academic Affiliation
Declaración de derechos
Publisher
Peer Reviewed
Language
Embargo reason
  • Pending Publication
Embargo date range
  • 2021-06-15 to 2023-07-15

Relaciones

Parents:

This work has no parents.

En Collection:

Elementos

Miniatura Título Fecha de subida Visibilidad Acciones
file details ZhaiJun2021.pdf 2021-06-15 Público Descargar