International Timber Markets

Abstract

The aim of this dissertation is to explore three prominent topics of international timberland market research. Chapter One examines whether United States, South and Central America, and Oceania timberland markets have integrated per-acre timberland values. Chapter Two focuses on international trade relations between the leading tropical sawnwood importing and processing European Union countries – France, Germany, and Italy – and the Sub-Saharan African countries through the evaluation of import demand elasticities. Chapter Three investigates “price-leading” behavior in global and U.S. regional markets utilizing the Granger-Causality approach.