Federal Timber Restrictions and Interregional Arbitrage in U.S. Lumber

  • Authors: Murray, Brian C.; Wear, David N.
  • Publication Year: 1998
  • Publication Series: Miscellaneous Publication
  • Source: Land Economics, February 1998, 74 (1):76-91

Abstract

Harvesting restrictions to protect the habitat of the northern spotted owl on federal forests in the Pacific Northwest (PNW) substantially reduced timber available for precessing by the forest products industry. We consider the extent to with these restrictions may have altered the degree of integration of the PNW and U.S. South in a national market for lumber. Decriptive statistics and econometric analysis of monthly price data suggest that a structural break occurred in the relationship between the two regions' product prices around the time of the harvest restrictions leading to a more integrated market after the restrictions were imposed.

  • Citation: Murray, Brian C.; Wear, David N. 1998. Federal Timber Restrictions and Interregional Arbitrage in U.S. Lumber. Land Economics, February 1998, 74 (1):76-91
  • Posted Date: April 1, 1980
  • Modified Date: August 25, 2014
  • Requesting Print Publications

    Publication requests are subject to availability. Fiscal responsibility limits the hardcopies of publications we produce and distribute. Electronic versions of publications may be downloaded, distributed and printed.

    Please make any requests at pubrequest@fs.fed.us.

    Publication Notes

    • This article was written and prepared by U.S. Government employees on official time, and is therefore in the public domain.
    • Our online publications are scanned and captured using Adobe Acrobat. During the capture process some typographical errors may occur. Please contact the SRS webmaster if you notice any errors which make this publication unusable.
    • To view this article, download the latest version of Adobe Acrobat Reader.