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Dynamic models of the roundwood market in Finland

Author

Listed:
  • Pentti Forsman

    (Bank of Finland)

  • Tarja Heinonen

    (Bank of Finland)

Abstract

We contribute to the discussion of the reasons why the supply of roundwood has lagged behind the growth of forests since the early I970s. Our dynamic models of the roundwood market provide some evidence that the very low level of the real interest rate is an important reason for the sluggishness of fellings in private forests.

Suggested Citation

  • Pentti Forsman & Tarja Heinonen, 1989. "Dynamic models of the roundwood market in Finland," Finnish Economic Papers, Finnish Economic Association, vol. 2(1), pages 48-54, Spring.
    • Handle: RePEc:fep:journl:v:2:y:1989:i:1:p:48-54
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