Macroeconomic change, competitiveness and timber production: a five-country comparison
This study analyzes how long-run macroeconomic fluctuations have affected timber production levels in five tropical oil-producing countries: Gabon, Cameroon, Papua New Guinea (PNG), Venezuela, and Ecuador. The core hypothesis is that oil booms, foreign borrowing and other major foreign exchange infl...
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| Formato: | Journal Article |
| Lenguaje: | Inglés |
| Publicado: |
2005
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| Acceso en línea: | https://hdl.handle.net/10568/19093 |
| _version_ | 1855541247190499328 |
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| author | Wunder, Sven |
| author_browse | Wunder, Sven |
| author_facet | Wunder, Sven |
| author_sort | Wunder, Sven |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | This study analyzes how long-run macroeconomic fluctuations have affected timber production levels in five tropical oil-producing countries: Gabon, Cameroon, Papua New Guinea (PNG), Venezuela, and Ecuador. The core hypothesis is that oil booms, foreign borrowing and other major foreign exchange inflows slow down timber harvesting. These inflows cause “Dutch Disease,” depressing the price competitiveness of timber exports and other trade-exposed sectors. A qualitative examination of long-run trends in the five countries is combined with simple econometrics. The findings confirm a strong impact of competitiveness on logging. Substantial real currency devaluation can greatly accelerate timber exports. Yet, in middle-income countries with strongly expanding domestic timber markets (Ecuador, Cameroon, Venezuela), home-market demand also rises much with urban incomes and population. When full or partial import protection occurs, this translates into rising domestic production. The relative weight of these two potentially significant factors varies widely, so policies to influence extraction levels need to be tailored accordingly. |
| format | Journal Article |
| id | CGSpace19093 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2005 |
| publishDateRange | 2005 |
| publishDateSort | 2005 |
| record_format | dspace |
| spelling | CGSpace190932025-01-24T14:20:53Z Macroeconomic change, competitiveness and timber production: a five-country comparison Wunder, Sven macroeconomics trade logging conservation forestry policies history oils This study analyzes how long-run macroeconomic fluctuations have affected timber production levels in five tropical oil-producing countries: Gabon, Cameroon, Papua New Guinea (PNG), Venezuela, and Ecuador. The core hypothesis is that oil booms, foreign borrowing and other major foreign exchange inflows slow down timber harvesting. These inflows cause “Dutch Disease,” depressing the price competitiveness of timber exports and other trade-exposed sectors. A qualitative examination of long-run trends in the five countries is combined with simple econometrics. The findings confirm a strong impact of competitiveness on logging. Substantial real currency devaluation can greatly accelerate timber exports. Yet, in middle-income countries with strongly expanding domestic timber markets (Ecuador, Cameroon, Venezuela), home-market demand also rises much with urban incomes and population. When full or partial import protection occurs, this translates into rising domestic production. The relative weight of these two potentially significant factors varies widely, so policies to influence extraction levels need to be tailored accordingly. 2005 2012-06-04T09:09:07Z 2012-06-04T09:09:07Z Journal Article https://hdl.handle.net/10568/19093 en Wunder, S. 2005. Macroeconomic change, competitiveness and timber production: a five-country comparison . World Development 33 (1) :65-86. ISSN: 0305-750X. |
| spellingShingle | macroeconomics trade logging conservation forestry policies history oils Wunder, Sven Macroeconomic change, competitiveness and timber production: a five-country comparison |
| title | Macroeconomic change, competitiveness and timber production: a five-country comparison |
| title_full | Macroeconomic change, competitiveness and timber production: a five-country comparison |
| title_fullStr | Macroeconomic change, competitiveness and timber production: a five-country comparison |
| title_full_unstemmed | Macroeconomic change, competitiveness and timber production: a five-country comparison |
| title_short | Macroeconomic change, competitiveness and timber production: a five-country comparison |
| title_sort | macroeconomic change competitiveness and timber production a five country comparison |
| topic | macroeconomics trade logging conservation forestry policies history oils |
| url | https://hdl.handle.net/10568/19093 |
| work_keys_str_mv | AT wundersven macroeconomicchangecompetitivenessandtimberproductionafivecountrycomparison |