How Integrated are Tropical Timber Markets?

30 Pages Posted: 20 Apr 2016

See all articles by Pier Carlo Padoan

Pier Carlo Padoan

University of Rome I - Department of Public Economics

Date Written: August 31, 1990

Abstract

The tropical timber market is characterized by multiple species, multiple products, and regional patterns of trade and production. In such a market, finding a representative price is a difficult and perhaps an irrelevant task. So Varangis conducted tests to see whether prices from different species, products, and regions move together, at least in the long run. If they do, the use of a representative price may be appropriate. The analysis could also be seen as a test of whether the Asian and African/European markets are interdependent.

Keywords: Markets and Market Access, Environmental Economics & Policies, Economic Theory & Research, Wood Manufacturing and Industry, Access to Markets

Suggested Citation

Padoan, Pier Carlo, How Integrated are Tropical Timber Markets? (August 31, 1990). World Bank Policy Research Working Paper No. 465. Available at SSRN: https://ssrn.com/abstract=604925

Pier Carlo Padoan (Contact Author)

University of Rome I - Department of Public Economics ( email )

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Rome, RM 00161
Italy
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