Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Interlinked Roundwood Markets in Sweden, Norway and Finland: An econometric study of roundwood assortment prices
Luleå University of Technology, Department of Business Administration, Technology and Social Sciences.
2018 (English)Independent thesis Advanced level (professional degree), 20 credits / 30 HE creditsStudent thesis
Abstract [en]

Market integration is a frequently discussed topic. This study presents an econometric analysis of the interlinkages between the Swedish, Norwegian, and Finnish coniferous roundwood assortment markets by conducting the Johansen’s co-integration test. It also investigates the directional causality between markets concluded integrated. The data utilised consists of quarterly, nominal prices for pine, and spruce saw logs and pulpwood for each country. Because of issues regarding stationary price series, the co-integration test could only be tested on five markets; Swedish and Norwegian pine saw logs and Swedish, Norwegian and Finnish spruce pulpwood. Swedish and Norwegian pine saw log prices were found integrated according to the Johansen’s test, but no relationship was found when performing the Granger causality test, implying that the underlying assumption of non-stationary prices may not have been fulfilled. No linkages were found concerning the spruce pulpwood markets; neither for all three countries nor bi-variate. 

Place, publisher, year, edition, pages
2018. , p. 77
Keywords [en]
Interlinked markets, market integration, co-integration, roundwood, Johansen's test, Granger causality
National Category
Economics
Identifiers
URN: urn:nbn:se:ltu:diva-71390OAI: oai:DiVA.org:ltu-71390DiVA, id: diva2:1260055
Subject / course
Student thesis, at least 30 credits
Educational program
Business and Economics, master's level
Supervisors
Examiners
Available from: 2018-11-13 Created: 2018-10-31 Last updated: 2018-11-13Bibliographically approved

Open Access in DiVA

fulltext(2409 kB)54 downloads
File information
File name FULLTEXT01.pdfFile size 2409 kBChecksum SHA-512
354177eef86a5f09ea767398b7bb3d27b4e5eeadeba8e5257f77b48f38a3e92fc2b49724c7954579ce35405ecc8dd3e048251f506a9c58b2229e7a249304b067
Type fulltextMimetype application/pdf

By organisation
Department of Business Administration, Technology and Social Sciences
Economics

Search outside of DiVA

GoogleGoogle Scholar
Total: 54 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

urn-nbn

Altmetric score

urn-nbn
Total: 117 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf