文章基本信息

标题：Space-Time Modeling of Timber Prices
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作者：Zhou, Mo ; Buongiorno, Joseph
期刊名称：Journal of Food Distribution Research
印刷版ISSN：0047-245X
出版年度：2006
卷号：37
期号：4
页码：40-56
出版社：Food Distribution Research Society
摘要：A space-time econometric model was developed for pine sawtimber timber prices of 21 geographically contiguous regions in the southern United States. The correlations between prices in neighboring regions helped predict future prices. The impulse response analysis showed that although southern pine sawtimber markets were not globally integrated, local supply and demand shocks did transmit partially to immediate neighboring regions, and could also have weaker effects in more distant regions.
关键词：impulse response;market integration;space-time model;spatial correlation