Federal Timber Restrictions and Interregional
نویسندگان
چکیده
Hrrn~e.sting restrictiom to protect the hahitcrt of the northem .sptted wt.1 011 ,federul ,forests in t/w PNC$C Nor-tim*e.st (Ph’lV) .substalrticrii~ reduced timber cit~~~ilrL7le ,for ptwe.~~5iil,g h!. the ,fore.st prodwts irldwsty. We consider tile e-vtent to tcAici7 tiiese restrictioris my iitr\~ riitered the degree of irltegrcitim of the PNW u11d U.S. South ii7 (I mitioricil mrrket ,fi)r i~r~iiber. Lkscripti1.e .stcrti.stics crud e c o n o m e t r i c cmrr/~.si.s of nioritiii~~ price drrtrr .sqgest tiitrt (I .structurui hrecrk ocurrr-ed in tile reirrtiomi~ip het~~.eerl tile tjt‘o regions product price.s ~~row~d tile time of tile iwr\vst restrictioiis irudirig to a m o r e ~ritegruted nmrket ufter tile ,e.striction.s \t’erc impo.sed. ( JEL Q23)
منابع مشابه
Federal timber restrictions, interregional spillovers, and the impact on US softwood markets
An econometric model of the US softwood lumber and timber markets is estimated and used to simulate the price, trade, and welfare effects of reductions in federal timber sales in the western US commencing in the late 1980s. Results indicate that the timber sale reductions increased lumber prices by roughly 15 percent in the mid-1990s. Lumber consumers were the unambiguous losers from the policy...
متن کاملInterregional Redistribution and Budget Institutions under Asymmetric Information
Empirical evidence from the U.S. and the European Union suggests that regions which contribute to interregional redistribution face weaker borrowing constraints than regions which benefit from interregional redistribution. This paper presents an argument in favor of such differentiated budgetary institutions. It develops a two-period model of a federation consisting of two types of regions. The...
متن کاملCente Unive Warb 33098
The interregional mobility of high skilled workers might induce an underinvestment in local public higher education when sub-federal entities independently decide on education expenditures to maximize local output. This well-known result is due to interregional spillovers and provides a justification for coordinated education policy or rather a federal intervention. However, things might change...
متن کاملWelfare Eeects of Regional Income Taxes Results of an Interregional Cge Analysis for Germany
This paper deals with the question, whether in a federal state the regions should obtain the right to levy regional income taxes. It is shown that a revenue sharing system in uences the optimal income tax rates and causes distortions. In a federal system with other distorting taxes, several states and a revenue sharing system the welfare e ects of regional income taxes can be positive or negati...
متن کاملLocal Public Funding of Higher Education when Students and Skilled Workers are Mobile
The interregional mobility of high skilled workers might induce an underinvestment in local public higher education when sub-federal entities independently decide on education expenditures to maximize local output. This well-known result is due to interregional spillovers and provides a justification for coordinated education policy or rather a federal intervention. However, things might change...
متن کامل