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Forecasting Forestry Product Trade Flow in the European Union: A study using the gravity model
Luleå tekniska universitet, Institutionen för ekonomi, teknik och samhälle.
Luleå tekniska universitet, Institutionen för ekonomi, teknik och samhälle.
2017 (engelsk)Independent thesis Advanced level (degree of Master (One Year)), 20 poäng / 30 hpOppgave
Abstract [en]

The purpose of this study was to examine the factors affecting the trade flow on forestry products within the European Union. A gravity model was used to estimate the factors affecting the trade flow. The study used a panel data set with observations of two forestry commodities between 28 EU member countries over the years 2005 to 2014. The commodities are Wood chips and particles and Industrial roundwood. The parameters are estimated with fixed effects, the result indicated for Wood chips and particles that exporting countries GDP affect the trade flow positivly (0.64) and the importing countries GDP affect positively aswell (0.36). For Industrial roundwood the exporting countries GDP affect the trade flow negatively (-0.69) and the importing countries GDP affect positively (0.80). With the estimated parameters a forecast of Wood chips and particles over the years 2015 to 2020 was made, the forecast indicated an increase in the trade flow value with 27.2%

sted, utgiver, år, opplag, sider
2017.
Emneord [en]
Gravity model, forestry products, international trade, trade flow
HSV kategori
Identifikatorer
URN: urn:nbn:se:ltu:diva-64159OAI: oai:DiVA.org:ltu-64159DiVA, id: diva2:1111399
Utdanningsprogram
Economics, master's level (60 credits)
Veileder
Examiner
Tilgjengelig fra: 2017-06-22 Laget: 2017-06-18 Sist oppdatert: 2017-06-22bibliografisk kontrollert

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