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An Evaluation of Canadian and U.S. Policies of Log and Lumber Markets

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  • Devadoss, Stephen

Abstract

The recent lumber trade war between Canada and the United States deals with Canadian stumpage policies, Canada's log export controls, and U.S. retaliatory duty. This study determines the appropriate level of U.S. countervailing duty (CVD) by employing a vertically interrelated log–lumber model. The theoretical results show that the U.S. CVD can be greater (will be less) than the Canadian subsidy for a vertically related log–lumber market (for lumber market only). Empirical results support the theoretical findings in that the U.S. CVD for the log–lumber market (lumber market alone) is 1.55 (0.91) times the Canadian subsidy.

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  • Devadoss, Stephen, 2008. "An Evaluation of Canadian and U.S. Policies of Log and Lumber Markets," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 40(1), pages 171-184, April.
    • Handle: RePEc:cup:jagaec:v:40:y:2008:i:01:p:171-184_02
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    Cited by:

    1. G. Cornelis van Kooten, 2014. "Is Free Trade the End All Be All? The Case of Log Exports," Working Papers 2014-01, University of Victoria, Department of Economics, Resource Economics and Policy Analysis Research Group.
    2. Parajuli, Rajan & Sarangi, Sudipta & Chang, Sun Joseph & Hill, R. Carter, 2016. "The United States-Canada softwood lumber trade: An actual versus optimal export tax," Forest Policy and Economics, Elsevier, vol. 73(C), pages 112-119.
    3. Zhai, Jun & Kuusela, Olli-Pekka, 2022. "Incidence of domestic subsidies vs. export taxes: An equilibrium displacement model of log and lumber markets in Oregon," Forest Policy and Economics, Elsevier, vol. 135(C).
    4. van Kooten, G. Cornelis, 2014. "Benefits and costs of impeding free trade: Revisiting British Columbia's restrictions on log exports," Journal of Forest Economics, Elsevier, vol. 20(4), pages 333-347.

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