How integrated are tropical timber markets?
AbstractThe tropical timber market is characterized by multiple species, multiple products, and regional patterns of trade and production. In such a market, finding a representative price is a difficult and perhaps an irrelevant task. So Varangis conducted tests to see whether prices from different species, products, and regions move together, at least in the long run. If they do, the use of a representative price may be appropriate. The analysis could also be seen as a test of whether the Asian and African/European markets are interdependent.
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Bibliographic InfoPaper provided by The World Bank in its series Policy Research Working Paper Series with number 465.
Date of creation: 31 Aug 1990
Date of revision:
Environmental Economics&Policies; Silviculture; Access to Markets; Markets and Market Access; Economic Theory&Research;
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