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" Modern Time Series Analysis in Forest Products Markets "
edited by Jens Abildtrup, Finn Helles, Per Holten-Andersen, Jakob Fromholt Larsen, Bo Jellesmark Thorsen.
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BL
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| Record Number
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775385
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b595380
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| Main Entry
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edited by Jens Abildtrup, Finn Helles, Per Holten-Andersen, Jakob Fromholt Larsen, Bo Jellesmark Thorsen.
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| Title & Author
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Modern Time Series Analysis in Forest Products Markets\ edited by Jens Abildtrup, Finn Helles, Per Holten-Andersen, Jakob Fromholt Larsen, Bo Jellesmark Thorsen.
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| Publication Statement
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Dordrecht : Springer Netherlands : Imprint : Springer, 1999
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| Series Statement
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Forestry sciences, 58.
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(224 pages)
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| ISBN
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9401060053
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: 9401147728
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: 9789401060059
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: 9789401147729
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| Contents
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Introducing Unit Roots and Cointegration --; I International Price Relations and Exchange Rates --; Spatial Integration in the Nordic Timber Markets: Long-Run Equilibria and Short-Run Dynamics --; Exchange Rate Pass-Through in Finnish Sawnwood Exports to The United Kingdom --; The Law of One Price in United Kingdom Soft Sawnwood Imports --; A Cointegration Approach --; Internationalisation of Roundwood Markets --; the Case of Denmark --; II Demand and Supply Models --; Modelling the Danish Demand for Roundwood Imports --; a Cointegration and Common Trends Analysis --; Quarterly Model of the Finnish Sawlog and Pulpwood Markets --; A Cointegration Analysis --; III Causality, Forecasting, and Expectations --; Estimation in a Long-Run, Short-Run Model --; Do Exports Stimulate Growth? Evidence from International Woodpulp Data --; Forecasting Danish Timber Prices with an Error Correction Model --; Forecasting International Pulp Prices with Producer Inventories --; IV Capital Asset Evaluation --; Testing a Present Value Model of Forest Land --; Exploring Sources of Systematic Risk in Danish Forest Asset Returns --; V Management Implications of Time Series Properties --; The Behaviour of Timber Rents in Sweden, 1909-1990 --; Optimal Harvesting Policies with Stationary and Non-Stationary Prices: An Option Value Approach --; List of Authors.
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| Abstract
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This volume comprises fifteen papers exploring the consequences of applying modern time-series methods, particularly co-integrated time-series methods, for the analysis of forest economics problems. The methods represent the forefront of econometrics in this area, and the volume is the first of its kind. <br/> An introductory paper explains the econometrics of unit-root processes. Much of what follows in the other papers depends upon only a few of the ideas presented in the introduction. The volume includes tests of, e.g., the Law of One Price, land valuation models, demand and supply models, Granger-causality, and forecast models. <br/> The reader will learn a great deal about forest economies, particularly in Northern Europe, and about the practical use of modern time-series methods. The methods presented are applicable to other fields of economics. <br/> The volume is aimed at researchers in applied economics and as a supplement to (advanced) theoretical textbooks, mainly in Natural Resource Economics.
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Econometrics.
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Forests and forestry.
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Life sciences.
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Bo Jellesmark Thorsen
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Finn Helles
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Jakob Fromholt Larsen
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Jens Abildtrup
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Per Holten-Andersen
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