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An econometric analysis of waste paper demand in the USA
2001 (English)Independent thesis Advanced level (degree of Master (One Year)), 10 credits / 15 HE creditsStudent thesis
Abstract [en]

The purpose of this essay is to describe and estimate a demand function for waste paper in the USA, and investigate whether changes in these demand patterns have occurred over time. The paper splits the monthly data observations from the years 1947 to 1988 into three distinct time periods and runs regressions, employing a partial adjustment model, on each. The demand for waste paper depends mainly on the production of paper and board but the time trend is also a statistically significant determinant. The time trend had a negative effect on waste paper demand during the period 1947 to 1974. Since 1974 the time trend elasticity has been positive. The consumption of waste paper is today more influenced by new technology and environmental laws than by economic factors. The own-price elasticity and the cross-price elasticity of demand are both eco-nomically insignificant, which implies a price insensitive demand curve. Finally, the long-run elasticities are, as expected, larger than the short-run elasticities.

Place, publisher, year, edition, pages
Keyword [en]
Social Behaviour Law, demand, wastepaper, elasticities, time trend, partiall, adjustment model
Keyword [sv]
Samhälls-, beteendevetenskap, juridik
URN: urn:nbn:se:ltu:diva-55359ISRN: LTU-SHU-EX--01/045--SELocal ID: c3bd4837-112a-4083-95b6-2583568e0f92OAI: diva2:1028741
Subject / course
Student thesis, at least 15 credits
Educational program
Economics, master's level
Validerat; 20101217 (root)Available from: 2016-10-04 Created: 2016-10-04Bibliographically approved

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