Effect of the energy crisis on the elasticities of demand for forest products in OECD countries

1986 ◽  
Vol 16 (5) ◽  
pp. 968-974 ◽  
Author(s):  
Joseph Buongiorno ◽  
Ham Shee Chang
Keyword(s):  
Gross Domestic Product ◽  
Forest Products ◽  
Energy Crisis ◽  
Domestic Product ◽  
Price Elasticities ◽  
Pooled Data ◽  
Demand Models ◽  
Oil Embargo ◽  
Income And Price Elasticities

The purpose of this paper was to test if there had been systematic changes in the income and price elasticities of demand for forest products after the first oil embargo of 1973. The test used pooled data from 10 OECD (Organization for Economic Cooperation and Development) countries between 1961 and 1981. Eight commodity groups were considered: coniferous sawn wood, nonconiferous sawn wood, plywood, particleboard, fibreboard, newsprint, other printing and writing paper, and other paper and paperboard. The demand models used were distributed lags on first logarithmic differences of income and price in each country and year. The hypothesis that the long-term elasticities of demand with respect to gross domestic product were the same from 1963 to 1981 as from 1974 to 1981 was rejected for coniferous sawn wood and printing and writing paper. Long-term price elasticities had also changed for the same commodities. A negative trend in the demand of coniferous sawn wood and particleboard, independent of prices or gross domestic product, appeared to have set in after 1973.

Income and price elasticities of demand for sawn wood and wood-based panels: a pooled cross-section and time-series analysis

1979 ◽  
Vol 9 (2) ◽  
pp. 141-148 ◽  
Author(s):  
Joseph Buongiorno
Keyword(s):  
Forest Products ◽  
Generalized Least Squares ◽  
Analysis Of Covariance ◽  
Particle Board ◽  
Price Elasticities ◽  
Income Elasticities ◽  
Time Period ◽  
Income And Price Elasticities ◽  
Yearly Data

Income and price elasticities of demand for coniferous and nonconiferous sawn wood, plywood, particle board, and fibreboard were estimated using yearly data from 43 countries, over the period 1963–1973. A static and a dynamic model were estimated by analysis of covariance and generalized least squares. The simpler technique, analysis of covariance, gave satisfactory estimates for both models. Demand for all products was found to be price inelastic, with long-term elasticities ranging from −0.1 for particle board to −0.2 for coniferous sawn wood. Price elasticities for plywood and nonconiferous sawn wood were not significantly different from zero but this result might only reflect price-data inadequacies. Long-term income elasticities were +0.7 and +0.5 for coniferous and nonconiferous sawn wood, respectively. Demand for all wood-based panels was income elastic, with long-term elasticities of +1.0 for plywood and fibreboard, and of +2.3 for particle board. The results indicated that in discussing elasticities of demand for forest products, the length of the time period should be specified. Full adjustment of demand to changing prices and income was shown to always take more than 1 year. Demand for fibreboard appeared to adjust most rapidly to changes in economic conditions; the demand for nonconiferous sawnwood adjusted most slowly.

AS INUNDAÇÕES DE 2009 NA AMAZÔNIA E SUAS RELAÇÕES COM O DESENVOLVIMENTO SUSTENTÁVEL: IMPACTOS AO PRODUTO INTERNO BRUTO MUNICIPAL

GEOgraphia ◽  
2018 ◽  
Vol 20 (43) ◽  
pp. 101
Author(s):  
Alex Santiago Nina ◽  
Cláudio Fabian Szlafsztein
Keyword(s):  
Sustainable Development ◽  
Correlation Analysis ◽  
Gross Domestic Product ◽  
Natural Disasters ◽  
Economic Performance ◽  
Domestic Product ◽  
Economic Losses ◽  
Palabras Clave ◽  
Linear Correlation Analysis

Nos últimos anos, tem aumentado a frequência dos desastres naturais na Amazônia, concomitantemente com a necessidade de estimar os seus prejuízos econômicos. Este trabalho tem como objetivo verificar qual é o tipo e a intensidade do impacto das inundações de 2009, consideradas as maiores já registradas na Amazônia, no crescimento do Produto Interno Bruto (PIB) municipal. A metodologia consistiu na análise de correlação linear entre o desempenho econômico e algumas variáveis referentes ao tipo de inundação e indicadores socioeconômicos. Os resultados mostram que as inundações bruscas são as mais problemáticas em longo prazo. As principais estratégias a serem adotadas perpassam pela inclusão de ações de mitigação de desastres naturais ao planejamento do desenvolvimento sustentável da Amazônia. Palavras-chave: Produto Interno Bruto. Inundação. Amazônia. THE 2009 FLOODS IN THE AMAZON AND ITS RELATIONSHIP WITH SUSTAINABLE DEVELOPMENT: IMPACT ON THE MUNICIPAL GROSS DOMESTIC PRODUCT Abstract: In the last years, have been increase the frequency of natural disasters in Amazon, concomitantly whit the need of estimate their economic losses. This work have the objective of check what is the type and intensity of 2009 floods impacts, considered the major already registered in Amazon, to the increase of municipal Gross Domestic Product (GDP). The methodology was the linear correlation analysis between the economic performance and some variable relative to inundation type and socioeconomics indicators. The results bring which the fast floods are the major problem in the long term. The means strategies to be adopted are the inclusion of natural disasters mitigation actions in plan of sustainable development of Amazon. Keywords: Gross Domestic Product. Flood. Amazon. LAS INUNDACIONES DE 2009 EN LA AMAZONÍA Y SU RELACIÓN CON EL DESARROLLO SOSTENIBLE: IMPACTO EN EL PRODUCTO INTERNO BRUTO MUNICIPAL Resumen: En los últimos años ha aumentado la frecuencia de los desastres naturales en la Amazonia, concomitantemente con la necesidad de estimar sus prejuicios económicos. Este trabajo tiene como objetivo verificar cual es el tipo y la intensidad del impacto de las inundaciones de 2009, consideradas las mayores ya registradas en la Amazonia, al crecimiento del Producto Bruto Interno (PBI) municipal. La metodología consistió el análisis de correlación linear entre el desempeño económico y algunas variables referentes al tipo de inundación e indicadores socioeconómicos. Los resultados muestran que las inundaciones bruscas son las mas problemáticas a largo plazo. Las principales estrategias a ser adoptadas pasan por la inclusión de acciones de mitigación de desastres naturales a la planificación del desarrollo sostenible de la Amazonia. Palabras clave: Producto Interno Bruto. Inundaciones. Amazonia. 

scholarly journals Some Economic Aggregates for Canadian Forest Industries

1988 ◽  
Vol 64 (4) ◽  
pp. 355-359
Author(s):  
James Dobie
Keyword(s):  
Gross Domestic Product ◽  
Trade Balance ◽  
Forest Products ◽  
Domestic Product ◽  
Employee Productivity ◽  
Forest Economics ◽  
External Trade ◽  
Regional Impacts ◽  
Forest Industries ◽  
Merchandise Trade

This article presents economic aggregates for the forest industries in Canada with some discussion on Gross Domestic Product, regional impacts, external trade, employment and multipliers.The goods-producing sector in recent years has comprised 40% of the economy, with manufacturing being 50% of goods-producing or 20% of the total economy. Forest-based industries in aggregate are diminishing over time in their contribution to the economy, dropping from 5.1% of total GDP in the early 1960s to 3.5% in the early 1980s. Wood industries and paper and allied industries together constituted 14% of manufacturing GDP in 1986, down from 21% in 1961.Forest products exports, with a surplus of $13.5 billion in 1986, contribute significantly to Canada's merchandise trade balance. Employee productivity has been growing recently at 5.33% per annum. If there are no increases in volume of timber harvested, increasing productivity will result in employment reductions. Keywords: Forest Economics, Gross Domestic Product, Productivity, and Multipliers.

scholarly journals Current account determinants in ASEAN 6

2018 ◽  
Vol 21 (2) ◽  
Author(s):  
Novi Ariyani ◽  
Fajar Wahyu Priyanto ◽  
Lilis Yuliati
Keyword(s):  
Foreign Direct Investment ◽  
Exchange Rate ◽  
Interest Rate ◽  
Gross Domestic Product ◽  
Current Account ◽  
Direct Investment ◽  
Domestic Product ◽  
Annual Data ◽  
The Current Account

This study aims to analyze the factors that influence the export activity in the ASEAN region countries such as Indonesia, Singapore, Thailand, Malaysia, Philippines and Vietnam during 2001 - 2016 by using annual data. The factors that influence gross domestic product (GDP), interest rate, foreign direct investment (FDI) and exchange rate. The method used in the research is panel Vector Error Correlation Model (PVECM). The results show that Gross Domestic Product (GDP) negatively affects the current account in the short term. The interest rate variable negatively affects the current account in the long term. The Foreign Direct Investment (FDI) variable negatively affects the current account in the long term. Furthermore, the exchange rate variable negatively affects the current account in the long term.

scholarly journals AS INUNDAÇÕES DE 2009 NA AMAZÔNIA E SUAS RELAÇÕES COM O DESENVOLVIMENTO SUSTENTÁVEL: IMPACTOS AO PRODUTO INTERNO BRUTO MUNICIPAL

GEOgraphia ◽  
2018 ◽  
Vol 20 (43) ◽  
pp. 101
Author(s):  
Alex Santiago Nina ◽  
Cláudio Fabian Szlafsztein
Keyword(s):  
Sustainable Development ◽  
Correlation Analysis ◽  
Gross Domestic Product ◽  
Natural Disasters ◽  
Economic Performance ◽  
Domestic Product ◽  
Economic Losses ◽  
Palabras Clave ◽  
Linear Correlation Analysis

Nos últimos anos, tem aumentado a frequência dos desastres naturais na Amazônia, concomitantemente com a necessidade de estimar os seus prejuízos econômicos. Este trabalho tem como objetivo verificar qual é o tipo e a intensidade do impacto das inundações de 2009, consideradas as maiores já registradas na Amazônia, no crescimento do Produto Interno Bruto (PIB) municipal. A metodologia consistiu na análise de correlação linear entre o desempenho econômico e algumas variáveis referentes ao tipo de inundação e indicadores socioeconômicos. Os resultados mostram que as inundações bruscas são as mais problemáticas em longo prazo. As principais estratégias a serem adotadas perpassam pela inclusão de ações de mitigação de desastres naturais ao planejamento do desenvolvimento sustentável da Amazônia. Palavras-chave: Produto Interno Bruto. Inundação. Amazônia. THE 2009 FLOODS IN THE AMAZON AND ITS RELATIONSHIP WITH SUSTAINABLE DEVELOPMENT: IMPACT ON THE MUNICIPAL GROSS DOMESTIC PRODUCT Abstract: In the last years, have been increase the frequency of natural disasters in Amazon, concomitantly whit the need of estimate their economic losses. This work have the objective of check what is the type and intensity of 2009 floods impacts, considered the major already registered in Amazon, to the increase of municipal Gross Domestic Product (GDP). The methodology was the linear correlation analysis between the economic performance and some variable relative to inundation type and socioeconomics indicators. The results bring which the fast floods are the major problem in the long term. The means strategies to be adopted are the inclusion of natural disasters mitigation actions in plan of sustainable development of Amazon. Keywords: Gross Domestic Product. Flood. Amazon. LAS INUNDACIONES DE 2009 EN LA AMAZONÍA Y SU RELACIÓN CON EL DESARROLLO SOSTENIBLE: IMPACTO EN EL PRODUCTO INTERNO BRUTO MUNICIPAL Resumen: En los últimos años ha aumentado la frecuencia de los desastres naturales en la Amazonia, concomitantemente con la necesidad de estimar sus prejuicios económicos. Este trabajo tiene como objetivo verificar cual es el tipo y la intensidad del impacto de las inundaciones de 2009, consideradas las mayores ya registradas en la Amazonia, al crecimiento del Producto Bruto Interno (PBI) municipal. La metodología consistió el análisis de correlación linear entre el desempeño económico y algunas variables referentes al tipo de inundación e indicadores socioeconómicos. Los resultados muestran que las inundaciones bruscas son las mas problemáticas a largo plazo. Las principales estrategias a ser adoptadas pasan por la inclusión de acciones de mitigación de desastres naturales a la planificación del desarrollo sostenible de la Amazonia. Palabras clave: Producto Interno Bruto. Inundaciones. Amazonia. 

scholarly journals Indicators of the association of Unemployment in Indonesia with the Level of Employment Opportunity, GDP, and SER

2021 ◽  
Vol 1 (5) ◽  
pp. 189-206
Author(s):  
Diesta Pambayun
Keyword(s):  
Economic Growth ◽  
Gross Domestic Product ◽  
Time Series Data ◽  
School Enrollment ◽  
Domestic Product ◽  
Series Data ◽  
Employment Opportunities ◽  
Unequal Distribution ◽  
Negative Effect

Population inequality and the unequal distribution of income are indicators of unemployment in Indonesia, while unemployment plays an important role in economic growth. The increase in Gross Domestic Product (GDP) means that the level of public welfare improves in direct proportion to the gross domestic product (GDP) which is used as a measuring tool for economic conditions. School Enrollment Rates (SER) and employment opportunities are also identified as having an effect on economic growth, so it is important to conduct research using the ECM method using time series data for 1990-2019 sourced from the Central Statistics Agency (CSA). Based on the results of data processing, it can be seen that in the short and long term employment opportunities and GDP have a positive effect on unemployment. However, in the long term GDP and SER have no significant negative effect on unemployment.

scholarly journals Analysis of Macroeconomics Stability Control of ICI Countries (Indonesia, China, India) Based on Transmission of Monetary Policy through Interest Rate Channel

2021 ◽  
Vol 8 (4) ◽  
pp. 226-234
Author(s):  
Annisa Anggreini Siswanto ◽  
Ahmad Albar Tanjung ◽  
Irsad Lubis
Keyword(s):  
Monetary Policy ◽  
Interest Rate ◽  
Gross Domestic Product ◽  
Interest Rates ◽  
Domestic Product ◽  
Economic Stability ◽  
The Interest Rate ◽  
Transmission Of Monetary Policy ◽  
Interest Rate Channel

This study aims to analyze variable control of macroeconomic stability based on monetary policy transmission through interest rate channels in Indonesia, China, India (ICI). Variables used in the interest rate are rill interest rates, consumption, investment, gross domestic product, and inflation. This study used secondary data from 2000 to 2019. The results of the PVECM analysis through the interest rate channel show that the control of economic stability of the ICI country is carried out by investment variables and gross domestic product in the short term, while in the long run it is carried out by consumption, investment and gross domestic product. The results of the IRF analysis are the response stability of all variables is formed in the medium and long term periods. The results of the FEVD analysis show that there are variables that have the greatest contribution in the variable itself either in the short, medium, long term. The results of the interaction analysis of each variable transmission of monetary policy through interest rates can maintain and control the economic stability of the ICI country. Keywords: Interest Rate Channel, Interest Rate, Consumption, Investment, Gross Domestic Product, Inflation.

scholarly journals Analysis of The Effect of Gross Domestic Product, Exchange Rate, and Inflation on Balance of Payments in Indonesia

2019 ◽  
Vol 6 (10) ◽  
pp. 361-374
Author(s):  
Muammar Rinaldi ◽  
Shinta Arida Hutagalung ◽  
Muhammad Fitri Rahmadana
Keyword(s):  
Exchange Rate ◽  
Gross Domestic Product ◽  
Error Correction ◽  
Balance Of Payments ◽  
Domestic Product ◽  
Short Term ◽  
Independent Variables ◽  
Distributed Lag ◽  
The Exchange Rate

This study aims to analyze the effect of the short and long term gross domestic product, exchange rate, and inflation on Indonesia's balance of payments. The data used in this study are secondary data which is obtained indirectly with the period of 1995 to 2015. Data sources were obtained from Bank Indonesia and the Central Bureau of Statistics. The data collection method used in this study with the indirect method is documentation through recording or copying data from Bank Indonesia and the Central Bureau of Statistics. The analysis model used is Error Correction Mechanism (ECM). The results of this study indicate that the regression model of the Autoregressive Distributed Lag Model (ARDL) for the long term and Error Correction Model (ECM) regarding the effect of independent variables such as Interest Rates, Gross Domestic Product and Inflation Against the Dependent dependent variable in Indonesia, then it can some conclusions are presented, namely from several independent variables that are tried and included in the savings equation in Indonesia using the Autoregressive Distributed Lag Model (ARDL) for the long term and Error Correction Model (ECM) for the short term, namely the gross domestic product variable, the inflation rate, and exchange rate. In the long run there are 2 (two) significant variables, namely gross domestic product and the exchange rate. While inflation is not significant. For the short term, there is 1 (one) significant variable, namely the exchange rate. Thus, only exchange rate variables are significant in both the short and long term. With only 1 (one) significant independent variable both in the long term and short term, it can be concluded that the exchange rate in the long term and short term is the main determining factor that affects the Balance of Payments in Indonesia. In the long run, Independent variables such as Gross Domestic Product and the exchange rate on the dependent variable Balance of Payments in Indonesia have a significant effect on the dependent variable Balance of Payments. Whereas in the short run, the exchange rate variable has a significant effect, and for other independent variables such as the GDP variable and the inflation rate does not have a significant effect.

Analisis Pengaruh Perdagangan Internasional terhadap GDP (Gross Domestic Product) Indonesia (Periode 2011-2016)

2020 ◽  
Vol 1 (1) ◽  
pp. 34-42
Author(s):  
ANDI TRIYAWAN ◽  
Amalia Syafira Novitasari
Keyword(s):  
Gross Domestic Product ◽  
Term Effect ◽  
Domestic Product ◽  
Short Term ◽  
Short Term Effect

The purpose of this study were determine: (1) The short term effect of export and import of Indonesia years 2011-2016, (2) The most dominant variable which affect to GDP (Gross Domestic Product) of Indonesia years 2011-2016. The data were collection of this study is taken from BPS. Meanwhile, the data were collected throught documentation. Based on regrecy, it’s known that internasional trade affects negatively and significantly to the GDP (Gross Domestic Product) either long term or short term.

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