Testing Timber Market Linkages with a STAR Model with Housing Start-Controlled Transitions
| dc.creator | Hood, Harrison B. | |
| dc.creator | Dorfman, Jeffrey H. | |
| dc.date | 2017-04-01T20:02:56Z | |
| dc.date.accessioned | 2026-07-09T07:58:31Z | |
| dc.description | Market integration has been widely studied in the past to gain a better understanding of how different markets for the same good interact with one another. Traditional cointegration tests have been used to perform these analyses; however, these tests can only reveal the presence of stable or average long-term relationships. To evaluate market dynamics over time, we modify a time-varying smooth transition autoregressive (TV-STAR) model to examine pine stumpage markets in the U.S. South. The proposed model incorporates an economic indicator and allows us to evaluate market integration as it changes throughout a specified time period. The potential significance of this work is twofold. First, market integration can be observed as a function of an economic indicator, and secondly, the proposed model will allow us to draw inference about market integration at specific time points. | |
| dc.identifier | doi:10.22004/ag.econ.169055 | |
| dc.identifier | https://ageconsearch.umn.edu/record/169055/files/AAEA%202014_HHood.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/169055 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/594234 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/169055 | |
| dc.title | Testing Timber Market Linkages with a STAR Model with Housing Start-Controlled Transitions | |
| dc.type | Text |