A panel data analysis of nonindustrial private roundwood supply with emphasis on the price elasticity

@inproceedings{Bolkesj2003APD,
  title={A panel data analysis of nonindustrial private roundwood supply with emphasis on the price elasticity},
  author={Torjus Folsland Bolkesj{\o} and Birger Solberg},
  year={2003}
}
This article presents an econometric analysis of the Norwegian nonindustrial private forest (NIPF) owners'short-term roundwood supply applying the conventional pooled Tobit model as well as the fixed effects (FE) Tobit model where unobserved individual heterogeneity are incorporated in the assumptions of the model. A panel consisting of 14,468 forest owners during the period 1989-1997 (except 1991) is used for the statistical testing. The results indicate that the current and lagged price… CONTINUE READING