Intervention analysis of COVID-19 pandemic impact on timber price in selected markets
dc.contributor.author | Hlaváčková, Petra | |
dc.contributor.author | Banaś, Jan | |
dc.contributor.author | Utnik-Banaś, Katarzyna | |
dc.date.accessioned | 2024-01-26T12:18:11Z | |
dc.date.available | 2024-01-26T12:18:11Z | |
dc.date.issued | 2024 | |
dc.identifier.issn | 1389-9341 Sherpa/RoMEO, JCR | |
dc.identifier.uri | https://repozitar.mendelu.cz/xmlui/handle/20.500.12698/1829 | |
dc.description.abstract | Using intervention analysis and time series of roundwood prices from ten European and North American countries, we analyzed the impact of the COVID-19 pandemic on the movement of timber prices. The study material consists of forty-six quarterly time series prices of logs and pulp, both softwood and hardwood, covering the period 2005-2022. During the Covid-19 pandemic period (2020:Q1-2020:Q4), softwood log prices mostly underwent declines, with the changes being the largest in Slovakia (MINUS SIGN 35%), the Czech Republic (MINUS SIGN 24%) and Austria (MINUS SIGN 24%), slightly smaller in the United States (MINUS SIGN 19%), Poland (MINUS SIGN 17%), Slovenia (MINUS SIGN 12%) and Germany (MINUS SIGN 11%) while no significant price changes were recorded in Finland and Sweden. In Canada and the United States, sharp price declines occurred earlier (2020:Q1 and 2020:Q2, respectively), while in Europe, significant price declines occurred later and lasted longer. In the post-pandemic COVID-19 period, prices increased, but in most cases, the shift was not statistically significant compared to the pre-pandemic period. Softwood pulp prices were subject to much less change, with a significant increase only in Slovakia and Poland. In contrast, no significant changes were observed in the price of both log and pulpwood hardwood during the COVID-19 pandemic. | en |
dc.format | 103123 | |
dc.publisher | Elsevier Science BV | |
dc.relation | EC/H2020/952314/Adaption strategies in forestry under global climate change impact/ASFORCLIC | |
dc.relation.ispartof | Forest Policy and Economics | |
dc.relation.uri | https://doi.org/10.1016/j.forpol.2023.103123 | |
dc.rights | CC BY 4.0 | |
dc.rights.uri | https://creativecommons.org/licenses/by/4.0/ | |
dc.subject | COVID-19 pandemic | en |
dc.subject | Intervention analysis | en |
dc.subject | Transfer function | en |
dc.subject | Structural break | en |
dc.subject | ARIMA | en |
dc.subject | Timber market | en |
dc.title | Intervention analysis of COVID-19 pandemic impact on timber price in selected markets | en |
dc.type | J_ČLÁNEK | |
dc.date.updated | 2024-01-26T12:18:11Z | |
dc.description.version | OA-hybrid | |
local.identifier.doi | 10.1016/j.forpol.2023.103123 | |
local.identifier.scopus | 2-s2.0-85179460425 | |
local.number | February | |
local.volume | 159 | |
local.identifier.obd | 43925828 | |
local.identifier.e-issn | 1872-7050 | |
dc.project.ID | 952314 | |
dc.project.ID | Adaption strategies in forestry under global climate change impact (ASFORCLIC) | |
dc.identifier.orcid | Hlaváčková, Petra 0000-0002-3026-5873 | |
local.contributor.affiliation | LDF | |
local.horizon | H_2020 | |
dc.embargo.lift | 01.02.2024 |