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Exports, Margins and Productivity Growth: With an Application to the Canadian Softwood Lumber Industry

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  • Bernstein, Jeffrey I

Abstract

The purpose of this paper is to evaluate the allocative and dynamic efficiency of the Canadian softwood lumber industry by testing for the existence of price-cost margins and decomposing rates of total factor productivity (TFP) growth. A dynamic model of multiple output production and investment is developed in which output is sold domestically and exported. Price-cost margins are parametrized and estimated. The empirical results show that prices are equated to short-run marginal costs in domestic and export markets. TFP growth is decomposed into four elements; technological change, returns to sale, price-cost margins and capital adjustment. The empirical results show that, for the Canadian softwood lumber industry, TFP growth averaged 3 percent per year and the major contributing element was the rate of technological change. Copyright 1994 by MIT Press.

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  • Bernstein, Jeffrey I, 1994. "Exports, Margins and Productivity Growth: With an Application to the Canadian Softwood Lumber Industry," The Review of Economics and Statistics, MIT Press, vol. 76(2), pages 291-301, May.
    • Handle: RePEc:tpr:restat:v:76:y:1994:i:2:p:291-301
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    Cited by:

    1. Francisco Requena Silvente, 2005. "Price Discrimination and Market Power in Export Markets: The Case of the Ceramic Tile Industry," Journal of Applied Economics, Taylor & Francis Journals, vol. 8(2), pages 347-370, November.
    2. Steen, Frode & Salvanes, Kjell G., 1999. "Testing for market power using a dynamic oligopoly model," International Journal of Industrial Organization, Elsevier, vol. 17(2), pages 147-177, February.
    3. Nguyen-Ones, Mai & Steen, Frode, 2018. "Measuring Market Power in Gasoline Retailing: A Market- or Station Phenomenon?," Discussion Paper Series in Economics 6/2018, Norwegian School of Economics, Department of Economics.
    4. Steen, Frode & Asche, Frank, 2006. "When Anti-Dumping Measures Lead to Increased Market Power: A Case Study of the European Salmon Market," CEPR Discussion Papers 5781, C.E.P.R. Discussion Papers.
    5. M. Ishaq Nadiri & Ingmar Prucha, 2001. "Dynamic Factor Demand Models and Productivity Analysis," NBER Chapters, in: New Developments in Productivity Analysis, pages 103-172, National Bureau of Economic Research, Inc.
    6. Aw, Bee Yan & Batra, Geeta & Roberts, Mark J., 2001. "Firm heterogeneity and export-domestic price differentials: A study of Taiwanese electronics products," Journal of International Economics, Elsevier, vol. 54(1), pages 149-169, June.
    7. Goo, Moon Mo, 1997. "The measurement of market power: short-run, long-run, and dynamic adjustment models," ISU General Staff Papers 1997010108000012985, Iowa State University, Department of Economics.
    8. Centre for the Study of Living Standards, 2003. "Productivity in the Forest Products Sector: A Review of the Literature," CSLS Research Reports 2003-02a, Centre for the Study of Living Standards.
    9. Nguyen-Ones , Mai & Steen, Frode, 2018. "Market Power in Retail Gasoline Markets," Discussion Paper Series in Economics 21/2019, Norwegian School of Economics, Department of Economics, revised 01 Jul 2019.
    10. Rolf Färe & Giannis Karagiannis, 2014. "Radial and directional measures of the rate of technical change," Journal of Economics, Springer, vol. 112(2), pages 183-199, June.
    11. Giannis Karagiannis & George Mergos, 2000. "Total Factor Productivity Growth and Technical Change in a Profit Function Framework," Journal of Productivity Analysis, Springer, vol. 14(1), pages 31-51, July.

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