Intervention analysis of COVID-19 pandemic impact on timber price in selected markets

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43410%2F24%3A43924387" target="_blank" >RIV/62156489:43410/24:43924387 - isvavai.cz</a>

Result on the web

<a href="https://doi.org/10.1016/j.forpol.2023.103123" target="_blank" >https://doi.org/10.1016/j.forpol.2023.103123</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1016/j.forpol.2023.103123" target="_blank" >10.1016/j.forpol.2023.103123</a>

Result language

angličtina

Original language name

Intervention analysis of COVID-19 pandemic impact on timber price in selected markets

Original language description

Using intervention analysis and time series of roundwood prices from ten European and North American countries, we analyzed the impact of the COVID-19 pandemic on the movement of timber prices. The study material consists of forty-six quarterly time series prices of logs and pulp, both softwood and hardwood, covering the period 2005-2022. During the Covid-19 pandemic period (2020:Q1-2020:Q4), softwood log prices mostly underwent declines, with the changes being the largest in Slovakia (MINUS SIGN 35%), the Czech Republic (MINUS SIGN 24%) and Austria (MINUS SIGN 24%), slightly smaller in the United States (MINUS SIGN 19%), Poland (MINUS SIGN 17%), Slovenia (MINUS SIGN 12%) and Germany (MINUS SIGN 11%) while no significant price changes were recorded in Finland and Sweden. In Canada and the United States, sharp price declines occurred earlier (2020:Q1 and 2020:Q2, respectively), while in Europe, significant price declines occurred later and lasted longer. In the post-pandemic COVID-19 period, prices increased, but in most cases, the shift was not statistically significant compared to the pre-pandemic period. Softwood pulp prices were subject to much less change, with a significant increase only in Slovakia and Poland. In contrast, no significant changes were observed in the price of both log and pulpwood hardwood during the COVID-19 pandemic.

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

—

OECD FORD branch

50202 - Applied Economics, Econometrics

Project

—

Continuities

O - Projekt operacniho programu

Publication year

2024

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Forest Policy and Economics

ISSN

1389-9341

e-ISSN

1872-7050

Volume of the periodical

159

Issue of the periodical within the volume

February

Country of publishing house

NL - THE KINGDOM OF THE NETHERLANDS

Number of pages

10

Pages from-to

103123

UT code for WoS article

001135832900001

EID of the result in the Scopus database

2-s2.0-85179460425