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Assessing the role of futures position substitutability in a monthly model of factor demand for softwood lumber
Authors:Babula  Ronald A.  Zhang  Daowei
Affiliation:1.College of Social Science, Keimyung University, Daegu, South Korea
;2.School of Forestry and Wildlife Sciences, Auburn University, Auburn, AL, USA
;3.FAO Forestry Department, Rome, Italy
;
Abstract:Empirical Economics - We combine cointegrated VAR modeling with basic neoclassical production theory in a new way that tests for, and illuminates the empirical nature of, the monthly US housing...
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