Current issue: 58(5)
Select issue
Silva Fennica 1926-1997
1990-1997
1980-1989
1970-1979
1960-1969
1950-1959
1940-1949
1926-1939
Acta Forestalia Fennica
1992-1999
1984-1991
1974-1983
1968-1973
1953-1968
1933-1952
1913-1932
Articles containing the keyword 'simultaneous equations'
Category : Research article
article id 400,
category
Research article
(2005).
Finnish sawlog market under forest taxation reform.
Silva Fennica
vol.
39
no.
1
article id 400.
https://doi.org/10.14214/sf.400
Abstract |
View details
|
Full text in PDF |
Author Info
The stepwise transition in forest taxation from site productivity tax to taxation of profits from timber sales was one of the major institutional changes to impact Finnish non-industrial private forest owners in the 1990s. In this study the effect of the forest taxation reform on the aggregate supply of sawlogs was investigated using time series analysis and quarterly data. In particular, we estimated two simultaneous equations systems for the pine and the spruce sawlog markets. According to the results, the forest taxation reform strengthened the supply of spruce and pine sawlogs in the anticipatory stage of the taxation reform in 1992. Also during the fiscal transition period, which started in 1993, the supply effect of the taxation reform has clearly been positive. The strong own-price elasticity of sawlog supply found in this study indicates high sensitivity to actual and expected wood price changes in the determination of sawlog supply in Finland. Furthermore, the results indicate that the theoretical assumption of a competitive market is suitable for the Finnish sawlog market, but that separate analysis of pine and spruce sawlogs provides additional insights into market behaviour.
-
Mutanen,
Finnish Forest Research Institute, Joensuu Research Centre, P.O. Box 68, FI-80101 Joensuu, Finland
E-mail:
antti.mutanen@metla.fi
- Toppinen, Finnish Forest Research Institute, Joensuu Research Centre, P.O. Box 68, FI-80101 Joensuu, Finland E-mail: at@nn.fi
Click this link to register to Silva Fennica.
If you are a registered user, log in to save your selected articles for later access.
Your selected articles
Silva Fennica ·
Finnish Society of Forest Science
