An Examination of Excess Wood Pellet Supply in the United States
Filiz Guneysu Atasoy,
Daowei Zhang,
Jeffrey P. Prestemon
Abstract:The US wood pellet exports—mostly to Europe, Japan, and South Korea—comprised 85 percent of its wood pellet production in the past 20+ years. In this article, we estimate the regional excess supply of wood pellets in the United States using annual data from 1996 to 2021.We use Seemingly Unrelated Regression (SUR) analysis in a profit maximization framework for the South, North, and West regions of the United States. We also include some clean energy policies of the European Union (EU) to examine their potentia… Show more
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