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Effects of an Export Embargo on Related Goods: Logs and Lumber

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  • A. Clark Wiseman
  • Roger A. Sedjo

Abstract

This paper extends and applies the Marshallian derived demand model in the context of international trade. The model is utilized to derive estimates of the market equilibrium, net welfare, and welfare incidence effects of a hypothetical embargo of softwood log exports from the Pacific Coast region of the United States. The approach is potentially applicable to the analysis of various restrictions on primary products exports which may be instituted to maintain the viability of domestic processing industries.

Suggested Citation

  • A. Clark Wiseman & Roger A. Sedjo, 1981. "Effects of an Export Embargo on Related Goods: Logs and Lumber," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 63(3), pages 423-429.
    • Handle: RePEc:oup:ajagec:v:63:y:1981:i:3:p:423-429.
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    File URL: http://hdl.handle.net/10.2307/1240532
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    Cited by:

    1. Zhai, Jun & Kuusela, Olli-Pekka, 2023. "An econometric study of Oregon's log and lumber markets: Estimation of price elasticities using two approaches," Forest Policy and Economics, Elsevier, vol. 149(C).
    2. Nalin Kishor & Muthukumara Mani & Luis Constantino, 2004. "Economic and Environmental Benefits of Eliminating Log Export Bans – The Case of Costa Rica," The World Economy, Wiley Blackwell, vol. 27(4), pages 609-624, April.
    3. John Perez‐Garcia & Bruce Lippke & Janet Baker, 1997. "Trade Barriers In The Pacific Forest Sector: Who Wins And Who Loses," Contemporary Economic Policy, Western Economic Association International, vol. 15(1), pages 87-103, January.
    4. Zhang, Xufang & Sun, Changyou & Munn, Ian A. & Gordon, Jason, 2021. "How to protect the U.S. forest products industry from the perspective of trade? A comparison of policies within the forest supply chain," Forest Policy and Economics, Elsevier, vol. 133(C).
    5. Jacob R. Fooks & Steven J. Dundas & Titus O. Awokuse, 2013. "Are There Efficiency Gains from the Removal of Natural Resource Export Restrictions? Evidence from British Columbia," The World Economy, Wiley Blackwell, vol. 36(8), pages 1098-1114, August.
    6. Zhang, Xufang & Haviarova, Eva & Zhou, Mo, 2020. "A welfare analysis of China's tariffs on U.S. hardwood products," Forest Policy and Economics, Elsevier, vol. 113(C).
    7. 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).
    8. Joseph P. Kalt, 1996. "Precedent and Legal Argument in U.S. Trade Policy: Do They Matter to the Political Economy of the Lumber Dispute?," NBER Chapters, in: The Political Economy of American Trade Policy, pages 261-290, National Bureau of Economic Research, Inc.

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