Elasticity of import demand for wood pellets by the European Union |
| |
| Institution: | 1. Faculty of Economics and Administrative Sciences, Cag University, 33800 Mersin, Turkey;2. Faculty of Economics and Administrative Sciences, Cukurova University, Adana, and Turkish National Police Academy, Ankara, Turkey;1. Department of Agricultural & Applied Economics, University of Wisconsin-Madison, Madison, WI 53706, USA;2. Biological System Engineering, University of Wisconsin-Madison, Madison, WI 53706, USA;1. Natural Resources Canada, Canadian Forest Service, 1055 du P.E.P.S., P.O. Box 10380, Stn. Sainte-Foy, Québec, QC G1V 4C7, Canada;2. Centre de recherche sur les matériaux renouvelables, Département des sciences du bois et de la forêt, Université Laval, 2405 rue de la Terrasse, Pavillon Abitibi-Price, Université Laval, Québec,QC G1V 0A6, Canada;3. Utrecht University, Van Unnik Building 9.28, Heidelberglaan 2, 3584 CS Utrecht, The Netherlands;4. Université Laval, Département des sciences du bois et de la forêt, Pavillon Abitibi-Price, 2405 rue de la Terrasse, Québec, QC G1V 0A6, Canada;1. University of Beira Interior, R. Fonte do Lameiro, 6201-001 Covilhã, Portugal;2. YGE-Yser Green Energy SA, Área de Acolhimento Empresarial de Úl/Loureiro, Lote 17, 3720-075 Oliveira de Azeméis, Portugal;3. INESC-ID, R. Alves Redol, 9, 1000-029 Lisbon, Portugal;4. IST, University of Lisbon, Av. Rovisco Pais, 1, 1049-001 Lisbon, Portugal;1. Mississippi State University, United States;2. Oklahoma State University, United States;3. Texas A&M Forest Service, United States;4. Southern Regional Extension Forestry, United States;1. Department of Agricultural Economics and Rural Sociology, Auburn University, 312 Comer Hall, Auburn, AL 36849, USA;2. Department of Biological and Environmental Sciences, Alabama A&M University, USA |
| |
| Abstract: | Import demand for wood pellets by the European Union (EU) was investigated using a source-differentiated non-linear Almost Ideal Demand System (AIDS) model with monthly data from 2009 to 2015. Our research provides the first complete set of expenditure, price and cross-price elasticities for this rapidly expanding forest product market. Expenditure elasticities reveal that wood pellets from the United States have the most to gain from an expansion in EU expenditures, followed by Canada, while Russia has the least to gain. We attribute this result to differences in the quality, reliability and sustainability of wood pellet supply between the countries. The degree of substitution among the major suppliers was also assessed through cross-price elasticities. |
| |
| Keywords: | |
| 本文献已被 ScienceDirect 等数据库收录！ |
|
