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Empirical Analysis of the Lumber/Wood Products Industry and Forestry in Japan

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  • Mizuno, Katsushi

Abstract

We have developed a method for estimating the “ elasticity of input costs (labor and capital) with respect to total output” by applying the system - wide approach theory of econometrician H.Theil. It presents as a quantitative economic indicator whether the target industry is labor-intensive or capitalintensive. Analysis of the forestry and lumber/wood products industries using this method revealed that the two industries are in different structural states, with the forestry industry being labor-intensive and the lumber/wood products industry being capital-intensive. Forestry and lumber/wood products are closely related industries, and mutual understanding will promote mutual development. In positioning forestry and lumber/wood products industries as major industries in the Japanese economy, the challenge is how to respond to this unbalanced industrial structure.

Suggested Citation

  • Mizuno, Katsushi, 2023. "Empirical Analysis of the Lumber/Wood Products Industry and Forestry in Japan," 97th Annual Conference, March 27-29, 2023, Warwick University, Coventry, UK 334533, Agricultural Economics Society - AES.
    • Handle: RePEc:ags:aesc23:334533
    DOI: 10.22004/ag.econ.334533
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    Keywords

    Resource /Energy Economics and Policy;

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