Price dynamics in the Russian–Finnish roundwood trade

Mutanen, Antti; Toppinen, Anne

doi:10.1080/02827580601138207

Cited by 22 publications

(14 citation statements)

References 12 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Toppinen [23] Quarterly data over the period August Hänninen tests the LOP for imports of soft sawn wood to the United Kingdom from Finland, Sweden, Canada, and Russia [13]. The results do not support the LOP.…”

Section: Mutanen Andmentioning

confidence: 43%

“…Their results suggest a gradual integration of the European forest markets. Mutanen and Toppinen examine the price dynamics in roundwood exports from Russia to Finland for sawlog and pulpwood prices over the quarterly period August 1998 to August 2005 [23]. According to the cointegration tests, the prices of Finnish and Russian spruce sawlogs have moved closely together.…”

Section: Mutanen Andmentioning

confidence: 99%

See 1 more Smart Citation

Dynamics of Timber Market Integration in Sweden

Jaunky

Lundmark

2015

Forests

View full text Add to dashboard Cite

This paper addresses the performance of the timber markets (Scots pine, Pinus silvestris L. and Norway spruce, Picea abies (L.) Karst.) by evaluating the order of market integration in three Swedish regions (Central, Northern, and Southern). Quarterly data of delivery prices are employed over the period 1999Q1-2012Q4. Various unit root and cointegration tests have been computed. The results indicate that the variables are integrated of first order and co-integrated, especially after controlling for structural breaks. This supports the law-of-one-price hypothesis (LOP). However, the effects of structural shocks on forestry are arguably significant and these are controlled for while performing a vector error-correction mechanism (VECM)-based Granger-causality test. Bi-directional causality between the Northern and central markets is uncovered in the short-run. In the long-run, a similar causal effect is detected between Northern and Southern markets while the central market emerges as the price leader. Further investigation is carried out using variance decompositions and impulse response functions and these approaches also tend to confirm the existence of a single market well, as price interdependence between markets.

show abstract

Section: Mutanen Andmentioning

confidence: 43%

Section: Mutanen Andmentioning

confidence: 99%

Dynamics of Timber Market Integration in Sweden

Jaunky

Lundmark

2015

Forests

View full text Add to dashboard Cite

show abstract

“…Despite the great potential in the Russian forest sector, only few studies have analysed the sector's development (e.g., Backman, 1995;Moiseyev, 2003) or Russian wood exports (Mutanen and Toppinen, 2007). Turner et al (2008) provide an important contribution in both respects with their study on potential impacts of a roundwood export tariff of 50€ per cubic meter on the Russian and global wood products sectors.…”

Section: Introductionmentioning

confidence: 99%

Forest sector market impacts of changed roundwood export tariffs and investment climate in Russia

Solberg

Moiseyev

Kallio

et al. 2010

Forest Policy and Economics

Self Cite

View full text Add to dashboard Cite

“…Research into the roundwood trade has concentrated on econometric analyses on roundwood markets and market prices (e.g. Mutanen and Toppinen 2007), the objectives of NIPF owners (e.g. Häyrinen et al 2014), and the management of the roundwood procurement process (e.g.…”

Section: Introductionmentioning

confidence: 99%

Comparison of alternative roundwood pricing systems – a simulation approach

Malinen¹,

Haring²,

Kilpeläinen³

et al. 2015

Silva Fenn.

View full text Add to dashboard Cite

Comparison of alternative roundwood pricing systems -a simulation approachMalinen J., Haring M., Kilpeläinen H., Verkasalo E. (2015). Comparison of alternative roundwood pricing systems -a simulation approach. Silva Fennica vol. 49 no. 3 article id 1293. 14 p. Highlights• A discrete event simulation model was developed for studying roundwood pricing systems.• For a single buyer, pricing based on residual value appraisal produced (RVA) 4.87 per cent higher wood paying capability and 3.70 per cent higher stumpage price than pricing based on average unit prices.• As the number of buyers using RVA increases, the competition increased and the advantage decreased. AbstractIn a closed market, roundwood buyers pricing system affect the roundwood flow from the stands to different roundwood users. If a buyer is capable to discriminate higher value stands from low quality stands better than its competitors, the buyer should be able to buy better raw material. In the study, a discrete event simulation was used to examine the effect of residual value appraisal (RVA) -based pricing of roundwood by log dimensions and grades compared to the traditional pricing based on average unit prices (UP) of roundwood assortments on roundwood flow. The core of the simulation model was the data containing 51 pine dominated stands from southern Finland. Sample trees were theoretically bucked by the bucking simulator in order to estimate the volumes, dimensions and grades of the logs and roundwood assortments. The simulation model of roundwood markets included four roundwood buyers, two corporations and two saw milling enterprises. The main finding of the study was that the buyers who use RVA gains an advantage and receives better quality compared to buyers who use UP. As the number of buyers using RVA increases, the competition increased and the advantage decreased.

show abstract

Price dynamics in the Russian–Finnish roundwood trade

Cited by 22 publications

References 12 publications

Dynamics of Timber Market Integration in Sweden

Dynamics of Timber Market Integration in Sweden

Forest sector market impacts of changed roundwood export tariffs and investment climate in Russia

Comparison of alternative roundwood pricing systems – a simulation approach

Contact Info

Product

Resources

About