Abstract
This article analyzed the impacts of emerging woody bioenergy markets on the behavior of nonindustrial private forest (NIPF) landowners in the state of Florida, United States. A seemingly unrelated regression (SUR) approach was used to assess the supply of sawtimber, pulpwood, woody bioenergy and demand for labor. Data was gathered from official statistical reports of the forestry sector in Florida spanning 1970 to 2006. The econometric analysis suggested that consistent own price elasticities could be obtained from the SUR approach. The results indicated that an increased price of woody bioenergy implied an increase in the production of pulpwood and demand for labor. Results also suggested that forest landowners might financially benefit from emerging bioenergy markets.
| Original language | English |
|---|---|
| Pages (from-to) | 419-428 |
| Number of pages | 10 |
| Journal | Biomass and Bioenergy |
| Volume | 46 |
| DOIs | |
| State | Published - 1 Nov 2012 |
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Keywords
- Bioenergy
- Elasticities
- Landowners
- Policy simulation
- Profit function
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Modeling nonindustrial private forest landowner behavior in face of woody bioenergy markets. / Susaeta, Andres; Lal, Pankaj; Carter, Douglas R.; Alavalapati, Janaki.
In: Biomass and Bioenergy, Vol. 46, 01.11.2012, p. 419-428.Research output: Contribution to journal › Article
TY - JOUR
T1 - Modeling nonindustrial private forest landowner behavior in face of woody bioenergy markets
AU - Susaeta, Andres
AU - Lal, Pankaj
AU - Carter, Douglas R.
AU - Alavalapati, Janaki
PY - 2012/11/1
Y1 - 2012/11/1
N2 - This article analyzed the impacts of emerging woody bioenergy markets on the behavior of nonindustrial private forest (NIPF) landowners in the state of Florida, United States. A seemingly unrelated regression (SUR) approach was used to assess the supply of sawtimber, pulpwood, woody bioenergy and demand for labor. Data was gathered from official statistical reports of the forestry sector in Florida spanning 1970 to 2006. The econometric analysis suggested that consistent own price elasticities could be obtained from the SUR approach. The results indicated that an increased price of woody bioenergy implied an increase in the production of pulpwood and demand for labor. Results also suggested that forest landowners might financially benefit from emerging bioenergy markets.
AB - This article analyzed the impacts of emerging woody bioenergy markets on the behavior of nonindustrial private forest (NIPF) landowners in the state of Florida, United States. A seemingly unrelated regression (SUR) approach was used to assess the supply of sawtimber, pulpwood, woody bioenergy and demand for labor. Data was gathered from official statistical reports of the forestry sector in Florida spanning 1970 to 2006. The econometric analysis suggested that consistent own price elasticities could be obtained from the SUR approach. The results indicated that an increased price of woody bioenergy implied an increase in the production of pulpwood and demand for labor. Results also suggested that forest landowners might financially benefit from emerging bioenergy markets.
KW - Bioenergy
KW - Elasticities
KW - Landowners
KW - Policy simulation
KW - Profit function
UR - http://www.scopus.com/inward/record.url?scp=84868504231&partnerID=8YFLogxK
U2 - 10.1016/j.biombioe.2012.07.018
DO - 10.1016/j.biombioe.2012.07.018
M3 - Article
AN - SCOPUS:84868504231
VL - 46
SP - 419
EP - 428
JO - Biomass and Bioenergy
JF - Biomass and Bioenergy
SN - 0961-9534
ER -