Exports and Growth of Forest Industries
نویسنده
چکیده
This paper investigates whether exports are the engine of production growth in forest industries in three countries. A bivariate autoregressive distributed lag model of production and exports was estimated with data of eleven forest industries from China, Finland, and the United States. Inferences were based on the short-run and long-run partial multipliers from exports to production by industry. The results show that in Finland, there was strong support for the exogenous growth hypothesis, while there was less support in the cases of China and the United States.
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