A Model of Pacific Rim Log and Lumber Markets
A Model of Pacific Rim Log and Lumber Markets

Author: Andres Katz

Publisher:

Published: 1988

Total Pages: 224

ISBN-13:

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To facilitate policy making and improve understanding of issues facing the New Zealand forest sector, a spatial equilibrium model was developed for log and lumber trade in the Pacific Rim. Regions included in the model were New Zealand, Chile, Australia, Japan, Eastern Canada, British Columbia: Coast and Interior, and the United States. Eight products were recognized in each market, characterized by their species group. Demand and supply relationships were econometrically estimated over the sample period 1966 to 1983; a reactive programming procedure was adopted to solve for annual market equilibrium prices and quantities. Inventory growth and drain models provided the necessary parameters to specify annual marginal cost functions for Radiata pine log supply from New Zealand and Chile. The validation procedure included simulating over a future period, from 1983 to 2010, under alternate economic and policy environments. Specifically, the model was used to investigate the impacts on Radiata pine markets of increased resource availability in New Zealand and Chile; the effects of a lower New Zealand exchange rate, and the indirect effects from a scenario of low growth in United States lumber consumption. Supply and demand for Radiata pine lumber in New Zealand were both inelastic, in contrast to Japan and Australia, reflecting lower substitution possibilities between timber species. Demand and supply behavior varied greatly between species. Baseline projections to 2010 indicated Radiata pine prices in New Zealand will decline by 23 percent, associated with a build up in inventory above the minimum harvest age. This was attributable to the high afforestation rates in New Zealand and Chile from the 1960's on.

Compatible Forest Management
Compatible Forest Management

Author: Robert A. Monserud

Publisher: Springer Science & Business Media

Published: 2013-04-17

Total Pages: 532

ISBN-13: 9401703094

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Public debate has stimulated interest in finding greater compatibility among forest management regimes. The debate has often portrayed management choices as tradeoffs between biophysical and socioeconomic components of ecosystems. Here we focus on specific management strategies and emphasize broad goals such as biodiversity, wood production and habitat conservation while maintaining other values from forestlands desired by the public. We examine the following proposition: Commodity production (timber, nontimber forest products) and the other forest values (biodiversity, fish and wildlife habitat) can be simultaneously produced from the same area in a socially acceptable manner. Based on recent research in the Pacific Northwest, we show there are alternatives for managing forest ecosystems that avoid the divisive arena of 'either-or' choices. Much of the work discussed in this book addresses two aspects of the compatibility issue. First, how are various forest management practices related to an array of associated goods and services? Second, how do different approaches to forest management affect relatively large and complex ecosystems?

Forest Economics Research at the Pacific Northwest Research Station to 2000
Forest Economics Research at the Pacific Northwest Research Station to 2000

Author: Donald F. Flora

Publisher:

Published: 2003

Total Pages: 218

ISBN-13:

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The contributions for over 80 years by scientists at the Pacific Northwest Research Station to developments in economic theory, economic tools, policies, and economic issues are summarized. This is a story of progressive accomplishments set against a constantly changing background of economic and social events.