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British Columbia's Stumpage System: Economic and Trade Policy Implications

Author

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  • R. Quentin Grafton
  • Robert W. Lynch
  • Harry W. Nelson

Abstract

Rent and stumpage in the British Columbia softwood lumber industry have played a pivotal role in the Canada-United States softwood lumber dispute. The goal of the US in the dispute has been to limit lumber exports from Canada and increase domestic American prices. Rent theory shows that BC's stumpage system does not affect softwood lumber exports and thus does not constitute a subsidy. Using estimates of the rents in the BC wood products industry, we demonstrate that the BC stumpage system is not flexible to change in the value of the rent and suggest ways to improve the present stumpage system.

Suggested Citation

  • R. Quentin Grafton & Robert W. Lynch & Harry W. Nelson, 1998. "British Columbia's Stumpage System: Economic and Trade Policy Implications," Canadian Public Policy, University of Toronto Press, vol. 24(s2), pages 41-50, May.
    • Handle: RePEc:cpp:issued:v:24:y:1998:i:s2:p:41-50
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    Cited by:

    1. Feng’ e Yang & Shashi Kant, 2008. "Rent Capture Analysis of Ontario’s Stumpage System Using an Enhanced Parity Bounds Model," Land Economics, University of Wisconsin Press, vol. 84(4), pages 667-688.
    2. Nelson, Harry & Nikolakis, William & Martin-Chan, Kira, 2019. "The effect of institutional arrangements on economic performance among first nations: Evidence from forestry in BC," Forest Policy and Economics, Elsevier, vol. 107(C), pages 1-1.
    3. Luckert, M.K. (Marty), 2007. "Property rights, forest rents, and trade: The case of US countervailing duties on Canadian softwood lumber," Forest Policy and Economics, Elsevier, vol. 9(6), pages 581-590, February.

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