An Econometric Analysis of Imported Timber Demand in Turkey

dc.contributor.author Kayacan, Bekir
dc.contributor.author Ucal, Meltem
dc.contributor.author Kara, Oğuz
dc.contributor.author Ucal, Meltem Şengün
dc.contributor.author Öztürk, Atakan
dc.contributor.author Bali, Ramazan
dc.contributor.author Koçer, Sacit
dc.contributor.author Kaplan, Erdem
dc.contributor.other Economics
dc.date.accessioned 2019-06-27T08:03:54Z
dc.date.available 2019-06-27T08:03:54Z
dc.date.issued 2013
dc.department Fakülteler, İktisadi, İdari ve Sosyal Bilimler Fakültesi, Ekonomi Bölümü en_US
dc.description.abstract This paper attempts to understand and explain determinants of Turkish demand for foreign timber imported to Turkey. Explanatory variables in the propounded model include price of imported timber price of domestically-produced sawlog as an imperfect substitute income per capita country population and capacity utilization rates (CUR's) and industrial production indices (IPI's) of forest industry sectors. For empirical purpose we used a time series data covering the 15-year period between 1995 and 2009. The econometric model set for there appears to be able to explain more than 96% of the variation in demand for imported timber with all of the parameter estimates except for population parameter being statistically significant. Estimation results confirm the existence of the price elasticity and substitute cross-price elasticity of demand for imported timber. Results also imply that the Turkish firms importing timber tend to consider domestic sawlog prices as much as even more than the price of foreign timber. The hypothesized effects of production changes in wood products and furniture industries on imported timber demand do not appear to be substantiated by this study which can partly be attributed to the partial method of measuring CUR's and IPI's. Meanwhile possible effects of income population and exchange rate index of the Turkish currency on the imported timber demand of the country are not evidenced by the empirical findings of this research. Finally our model forecasts ceteris paribus that by 2016 the level of Turkish demand for imported timber demand can reasonably be expected to exceed 2 million m(3)/year. This corresponds to the level of timber import observed in the years preceding the global economic crisis in 2009. en_US]
dc.identifier.citationcount 1
dc.identifier.issn 1459-0255 en_US
dc.identifier.issn 1459-0255
dc.identifier.issue 1
dc.identifier.scopus 2-s2.0-84880594826 en_US
dc.identifier.uri https://hdl.handle.net/20.500.12469/861
dc.identifier.volume 11 en_US
dc.identifier.wos WOS:000315996100001 en_US
dc.institutionauthor Ucal, Meltem Şengün en_US
dc.language.iso en en_US
dc.publisher WFL PUBL en_US
dc.relation.journal Journal Of Food Agriculture & Environment en_US
dc.relation.publicationcategory Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı en_US
dc.rights info:eu-repo/semantics/openAccess en_US
dc.scopus.citedbyCount 3
dc.subject Industrial roundwood en_US
dc.subject Roundwood demand en_US
dc.subject Forest sector en_US
dc.subject Econometric model en_US
dc.subject Regression analysis en_US
dc.subject Timber market en_US
dc.subject Demand forecast en_US
dc.subject Turkish forestry en_US
dc.title An Econometric Analysis of Imported Timber Demand in Turkey en_US
dc.type Article en_US
dc.wos.citedbyCount 2
dspace.entity.type Publication
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