dc.creatorHildt, Eduardo
dc.creatorBussoni, Adriana
dc.creatorMorales Olmos, Virginia
dc.creatorMac Donagh, Patricio M.
dc.creatorCubbage, Frederick W.
dc.date.accessioned2023-08-23T02:21:49Z
dc.date.accessioned2023-08-31T15:57:35Z
dc.date.available2023-08-23T02:21:49Z
dc.date.available2023-08-31T15:57:35Z
dc.date.created2023-08-23T02:21:49Z
dc.date.issued2022-02-20
dc.identifierHildt, E., Bussoni, A., Morales Olmos, V., Mac Donagh, P. M., Cubbage, F. W. (2022) Pine Log Price Changes in South America: A Comparison of Argentina, Brazil, and Uruguay Markets. Journal of Forest Economics; (37), pp. 217-236.
dc.identifier1104-6899
dc.identifierCCPI-FCF-A-093
dc.identifierhttps://www.nowpublishers.com/article/Details/JFE-0555
dc.identifierhttps://www.nowpublishers.com/JFE/special-issues/JFEV37N2
dc.identifierhttps://hdl.handle.net/20.500.12219/5011
dc.identifier.urihttps://repositorioslatinoamericanos.uchile.cl/handle/2250/8551316
dc.description.abstractWe analysed the degree of price cointegration among pine log markets in northeast Argentina, Paraná State of Brazil, and Uruguay by examining price series over the period 2008--2020. We evaluated the cointegration of price series of the same product through the study regions. In the same way, we analysed the cointegration of price series of different products within the same zone. We found market cointegration for medium sawlogs and export logs, between Paraná and Uruguay and between Misiones and Uruguay. In addition, pairwise groups of sawlogs, pulpwood and woodchips were cointegrated in sawmill and pulp mill-markets. In regions without pulp mills, the prices of sawlogs and veneer logs of similar size and quality were cointegrated. These results reveal the existence of a dynamic of substitution. Usually, veneer logs are delivered to sawmills. However, in some situations, small sawlogs may be downgraded and sold to pulp mills.
dc.languageen
dc.publisherJournal of Forest Economics
dc.subjectSouthern Cone
dc.subjectCointegration
dc.subjectSawmills
dc.subjectPulp mills
dc.subjectSawlogs
dc.subjectPulpwood
dc.titlePine Log Price Changes in South America: A Comparison of Argentina, Brazil, and Uruguay Markets
dc.typeArticle


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