Publicación:
ARE PRICES CONVERGING IN THE GLOBAL SAWNWOOD MARKET?

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dc.creatorBERNARDO ALFONSO VÁSQUEZ GONZÁLEZ
dc.date2023
dc.date.accessioned2025-01-10T15:45:23Z
dc.date.available2025-01-10T15:45:23Z
dc.date.issued2023
dc.description.abstractTHIS PAPER AIMS AT ADDRESSING IF THE INCREASING GLOBALIZATION IN THE INTERNATIONAL SAWNWOOD MARKETS HAS CAUSED EXPORT PRICES TO CONVERGE TO A SINGLE REFERENCE PRICE OR, ALTERNATIVELY, CERTAIN RESTRICTIONS REMAIN TO GENERATE A SEGMENTED MARKET WHERE DIFFERENT REFERENCE PRICES FOR EACH MARKET SEGMENT CO-EXIST. ANNUAL PRICE SERIES FOR THE TOP-10 EXPORTING COUNTRIES ARE CONSIDERED FOR THAT PURPOSE. RESULTS SHOW THAT THE DATA CANNOT SUPPORT THE NULL HYPOTHESIS OF CONVERGENCE. INSTEAD, THE GLOBAL SAWNWOOD MARKET APPEARS TO BE SEGMENTED INTO TWO CONVERGENCE CLUBS (CHILE-USA-LATVIA-NEW ZEALAND AND CANADA-GERMANY-AUSTRIA-FINLAND-SWEDEN), WHILE THE RUSSIAN FEDERATION EXHIBITS AN INDEPENDENT PATHWAY. CAUSALITY TESTS ARE CONDUCTED TO ANALYZE THE PRICE DYNAMICS IN THE GLOBAL SAWNWOOD PRODUCTS INDICATING THAT INTERNATIONAL PRICE RELATIONSHIPS ARE DEMAND-DRIVEN. FINALLY, RESULTS SUGGEST THAT THE INCLUSION OF A COUNTRY IN A PARTICULAR CONVERGENCE CLUB IS MAINLY DETERMINED BY THE PRICE DIF-FERENTIAL BETWEEN COUNTRIES (COMPETITION FACTORS), AND TO A LESSER EXTENT, BY THE COUNTRIES' COMBINED MARKET SHARE IN THE GLOBAL MARKET (CATCHING-UP FACTORS).
dc.formatapplication/pdf
dc.identifier.doi10.1016/j.forpol.2023.102998
dc.identifier.issn1872-7050
dc.identifier.issn1389-9341
dc.identifier.urihttps://repositorio.ubiobio.cl/handle/123456789/13511
dc.languagespa
dc.publisherFOREST POLICY AND ECONOMICS
dc.relation.uri10.1016/j.forpol.2023.102998
dc.rightsPUBLICADA
dc.titleARE PRICES CONVERGING IN THE GLOBAL SAWNWOOD MARKET?
dc.typeARTÍCULO
dspace.entity.typePublication
ubb.EstadoPUBLICADA
ubb.Otra ReparticionDEPARTAMENTO DE GESTION EMPRESARIAL
ubb.SedeCHILLÁN
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