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Market impacts and policy implicatio...

Baek, Jungho.

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Market impacts and policy implications of United States restrictions on softwood lumber imported from Canada.

紀錄類型:	書目-電子資源 : Monograph/item
正題名/作者:	Market impacts and policy implications of United States restrictions on softwood lumber imported from Canada./
作者:	Baek, Jungho.
面頁冊數:	177 p.
附註:	Source: Dissertation Abstracts International, Volume: 65-09, Section: A, page: 3496.
Contained By:	Dissertation Abstracts International65-09A.
標題:	Economics, Commerce-Business. -
電子資源:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3145975
ISBN:	0496048422

Market impacts and policy implications of United States restrictions on softwood lumber imported from Canada.
Baek, Jungho.

Market impacts and policy implications of United States restrictions on softwood lumber imported from Canada. - 177 p.

Source: Dissertation Abstracts International, Volume: 65-09, Section: A, page: 3496.

Thesis (Ph.D.)--Michigan State University, 2004.

The softwood lumber trade dispute is the largest and most contentious dispute between the United States and Canada. The core issue of the dispute is Canada's subsidies to its lumber producers in the form of low stumpage fees and restrictions on log exports in British Columbia (BC). The U.S. government has imposed restrictions---the Memorandum of Understanding (MOU) during 1986:4-1991:3, the Softwood Lumber Agreement (SLA) during 1996:2-2001:1, and the current 27.2% tariff to regulated lumber flows from Canada.

ISBN: 0496048422Subjects--Topical Terms:

626649
Economics, Commerce-Business.

Market impacts and policy implications of United States restrictions on softwood lumber imported from Canada.
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245 1 0 $a Market impacts and policy implications of United States restrictions on softwood lumber imported from Canada.
300 $a 177 p.
500 $a Source: Dissertation Abstracts International, Volume: 65-09, Section: A, page: 3496.
500 $a Adviser: Runsheng Yin.
502 $a Thesis (Ph.D.)--Michigan State University, 2004.
520 $a The softwood lumber trade dispute is the largest and most contentious dispute between the United States and Canada. The core issue of the dispute is Canada's subsidies to its lumber producers in the form of low stumpage fees and restrictions on log exports in British Columbia (BC). The U.S. government has imposed restrictions---the Memorandum of Understanding (MOU) during 1986:4-1991:3, the Softwood Lumber Agreement (SLA) during 1996:2-2001:1, and the current 27.2% tariff to regulated lumber flows from Canada.
520 $a With an expanded list of variables for the period of 1980:1-2001:4, this study developed a structural simultaneous system of equations (SSE) and a nonstructural vector auto-regression (VAR) model to analyze the U.S. lumber market structure and to assess the impacts of the U.S. trade restrictions.
520 $a The SSE and VAR models show that the MOU caused Canada's exports to decrease by 8--9% during 1986:4-1991:3, which in turn pushed up the domestic production by 3.0%, but it did not lead to higher lumber prices. However, the SLA did not have any significant impacts on Canadian exports, domestic production, and lumber prices during 1996:2-2001:1. In addition, the results show that, the price elasticities of domestic and export supply are smaller than those commonly used in evaluating the gains and losses of the U.S. restrictions, while such market factors as housing starts, log prices, and exchange rates have played major roles in shaping the lumber market. Combining the modest market impacts of the restrictions and smaller price elasticities, therefore, leads to moderate welfare consequences of the trade restrictions. In addition, the simulated results under an export/import tax and a quota scheme show that from the U.S. perspective, a quota scheme is preferred to an export/import tax for restricting softwood lumber imported from Canada, as long as all Canadian provinces and all lumber products are included in the regime. In combination, these findings indicate the need not only for a broader and more dynamic perspective but also for a comprehensive approach to understanding the U.S.-Canada lumber trade and designing effective trade policies.
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