BRAZILIAN SAWN WOOD PRICE AND INCOME ELASTICITY

Main Article Content

Rommel Noce
José Luiz Pereira de Rezende
Agostinho Lopes de Souza
Lourival Marin Mendes
Márcio Lopes da Silva
Rosa Maria Miranda Armond Carvalho
Juliana Mendes de Oliveira
Juliana Lorensi do Canto

Abstract

This study estimated the sawn wood demand price and income elasticity. Specifically it was estimated the price elasticity of sawn wood, the cross price elasticity of wood panels and the income elasticity of Brazilian GDP. A log-log model with correction through outline of the mobile average (MA(1)) was used, adjusted for the period of 1971 to 2006, which showed to be stable, with satisfactory significance levels. It was observed that sawn wood demand is inelastic in relation to price and elastic in relation to income.

Article Details

Section
Article