Analysis of Demand and Supply of Sawn Timber in Lao People's Democratic Republic

This study was conducted to investigate the main factors affecting supply and demand of sawn timber in Lao PDR. A market model of sawn timber consisting of supply, export and domestic demand equations, and an identity equation was formulated and developed. The partial adjustment framework for su...

Full description

Saved in:

Bibliographic Details
Main Author:	Inthachack, Anousack
Format:	Thesis
Language:	English English
Published:	2000
Subjects:	Timber - Laos - Economic aspects
Online Access:	http://psasir.upm.edu.my/id/eprint/10005/1/FH_2000_2_IR.pdf
Tags:	Add Tag No Tags, Be the first to tag this record!

id	my-upm-ir.10005
record_format	uketd_dc
spelling	my-upm-ir.100052023-12-06T01:54:18Z Analysis of Demand and Supply of Sawn Timber in Lao People's Democratic Republic 2000-03 Inthachack, Anousack This study was conducted to investigate the main factors affecting supply and demand of sawn timber in Lao PDR. A market model of sawn timber consisting of supply, export and domestic demand equations, and an identity equation was formulated and developed. The partial adjustment framework for supply and demand of sawn timber was developed. Annual data for the period 1978 to 1992 were used in this study. Secondary data obtained from various sources including those published by local and international organisations and the record of relevant wood industries in Lao PDR were also used. The model was estimated using two stage least square technique (2SLS). The regression and simulation test results indicated that the estimated models were quite satisfactory. All the significant coefficients had the correct signs. The Root Mean Square Percentage Error and Their Inequality Coefficient values of the estimated models were low. The findings indicated that sawn timber price and total revenue, the latter of which was used as a proxy for total area harvested, were important factors influencing the supply of sawn timber. The supply elasticities with respect to these variables were 1.263 and 1.682, respectively. On the domestic demand side, per capita income was an important factor influencing the quantity demanded for sawn timber. The income elasticity with respect to the variable was 1.400. Two main factors that affect the quantity export demand were world per capita income and world sawn timber import price. The elasticity values with respect to these variables were -1.741 and 2.661, respectively. The findings suggest that policy variables such as annual coupe as estimated do have an impact on quantity of sawn timber supplied. This suggests that the government can influence sawn timber supply by manipulating the annual logging coupe. Demand for sawn timber, however, is more dependent on market forces, particularly by prices of sawn timber and substitute. Timber - Laos - Economic aspects 2000-03 Thesis http://psasir.upm.edu.my/id/eprint/10005/ http://psasir.upm.edu.my/id/eprint/10005/1/FH_2000_2_IR.pdf text en public masters Universiti Putra Malaysia Timber - Laos - Economic aspects Faculty of Forestry Abd. Ghani, Awang Noor English
institution	Universiti Putra Malaysia
collection	PSAS Institutional Repository
language	English English
advisor	Abd. Ghani, Awang Noor
topic	Timber - Laos - Economic aspects
spellingShingle	Timber - Laos - Economic aspects Inthachack, Anousack Analysis of Demand and Supply of Sawn Timber in Lao People's Democratic Republic
description	This study was conducted to investigate the main factors affecting supply and demand of sawn timber in Lao PDR. A market model of sawn timber consisting of supply, export and domestic demand equations, and an identity equation was formulated and developed. The partial adjustment framework for supply and demand of sawn timber was developed. Annual data for the period 1978 to 1992 were used in this study. Secondary data obtained from various sources including those published by local and international organisations and the record of relevant wood industries in Lao PDR were also used. The model was estimated using two stage least square technique (2SLS). The regression and simulation test results indicated that the estimated models were quite satisfactory. All the significant coefficients had the correct signs. The Root Mean Square Percentage Error and Their Inequality Coefficient values of the estimated models were low. The findings indicated that sawn timber price and total revenue, the latter of which was used as a proxy for total area harvested, were important factors influencing the supply of sawn timber. The supply elasticities with respect to these variables were 1.263 and 1.682, respectively. On the domestic demand side, per capita income was an important factor influencing the quantity demanded for sawn timber. The income elasticity with respect to the variable was 1.400. Two main factors that affect the quantity export demand were world per capita income and world sawn timber import price. The elasticity values with respect to these variables were -1.741 and 2.661, respectively. The findings suggest that policy variables such as annual coupe as estimated do have an impact on quantity of sawn timber supplied. This suggests that the government can influence sawn timber supply by manipulating the annual logging coupe. Demand for sawn timber, however, is more dependent on market forces, particularly by prices of sawn timber and substitute.
format	Thesis
qualification_level	Master's degree
author	Inthachack, Anousack
author_facet	Inthachack, Anousack
author_sort	Inthachack, Anousack
title	Analysis of Demand and Supply of Sawn Timber in Lao People's Democratic Republic
title_short	Analysis of Demand and Supply of Sawn Timber in Lao People's Democratic Republic
title_full	Analysis of Demand and Supply of Sawn Timber in Lao People's Democratic Republic
title_fullStr	Analysis of Demand and Supply of Sawn Timber in Lao People's Democratic Republic
title_full_unstemmed	Analysis of Demand and Supply of Sawn Timber in Lao People's Democratic Republic
title_sort	analysis of demand and supply of sawn timber in lao people's democratic republic
granting_institution	Universiti Putra Malaysia
granting_department	Faculty of Forestry
publishDate	2000
url	http://psasir.upm.edu.my/id/eprint/10005/1/FH_2000_2_IR.pdf
_version_	1794018856692350976

Analysis of Demand and Supply of Sawn Timber in Lao People's Democratic Republic

Similar Items