Brazilian sawn wood price and income elasticity

Rommel   Noce; José Luiz   Pereira de Rezende; Agostinho   Lopes de Souza; Lourival  Marin Mendes; Márcio   Lopes da Silva; Rosa Maria   Miranda Armond Carvalho; Juliana   Mendes de Oliveira; Juliana   Lorensi do Canto

Brazilian sawn wood price and income elasticity

Autores

Rommel Noce

José Luiz Pereira de Rezende

Agostinho Lopes de Souza

Lourival Marin Mendes

Márcio Lopes da Silva

Rosa Maria Miranda Armond Carvalho

Juliana Mendes de Oliveira

Juliana Lorensi do Canto

Editor

Universidade Federal de Lavras

Descripción

This study estimated the sawn wood demand price and income elasticity. Specifically it was estimated the price elasticity of sawn wood, the cross price elasticity of wood panels and the income elasticity of Brazilian GDP. A log-log model with correction through outline of the mobile average (MA(1)) was used, adjusted for the period of 1971 to 2006, which showed to be stable, with satisfactory significance levels. It was observed that sawn wood demand is inelastic in relation to price and elastic in relation to income.