Una Estimación Del Consumo De Madera En España Entre 1860 Y 1935
The main objective of this paper is to contribute a continuous annual series of timber consumption in Spain for the period 1860-1935, an unexplored topic in Spanish economic history. Then the paper estimates a standard consumption function trying to explain the behavior of the serie. The main conclusion is that Spanish timber consumption had a positive GDP elasticity (0,47) with a growth in both traditional and new utilities of timber, regardles of the evolution of the prices of the product. This suggests that the economic growth of the period was not only based on new technologies and new raw materials, but also on a growing use of an organic and traditional product like timber.
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- Jeroen J. M. Kremers & Neil R. Ericsson & Juan J. Dolado, 1992.
"The power of cointegration tests,"
International Finance Discussion Papers
431, Board of Governors of the Federal Reserve System (U.S.).
- Graham Elliott & Thomas J. Rothenberg & James H. Stock, 1992.
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NBER Technical Working Papers
0130, National Bureau of Economic Research, Inc.
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