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

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

—

Návaznosti

O - Projekt operacniho programu

Rok uplatnění

2024

Kód důvěrnosti údajů

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

Název periodika

Forest Policy and Economics

ISSN

1389-9341

e-ISSN

1872-7050

Svazek periodika

159

Číslo periodika v rámci svazku

February

Stát vydavatele periodika

NL - Nizozemsko

Počet stran výsledku

10

Strana od-do

103123

Kód UT WoS článku

001135832900001

EID výsledku v databázi Scopus

2-s2.0-85179460425