In previous literature, the degree of exchange rate pass-through to importing countrys currency has often been found to be incomplete, which supports the idea of imperfect competition in the forest products markets. In this study, exchange rate pass-through is examined by employing a mark-up...

In the Decade since the conception of forest certification, Forest Stewardship Council (FSC) certification has emerged as the most globally recognized scheme. However, the area of FSC certified forests in the highly forested, developing countries of the tropics has remained relatively small...

Carbon offsets generated under the Kyoto Protocol should be included in the management options that resource managers are considering. This paper investigates investments in afforestation for the generation of KP compliant carbon offsets in the Timmins Management Unit, concentrating on the...

Prominent trade disputes between Canada and the U.S. involve agriculture and forestry, with lack of transparency caused by Canadian non-market institutions a source of U.S. objections. Though there has been a recent flurry of activity in the binational dispute resolution panel on Canadian...

The main focus of efforts to mitigate climate change is on the avoidance of fossil fuel emissions. However, the Kyoto rules permit the use of forestry activities that create carbon offset credits. These could obviate the need for lifestyle-changing reductions in fossil fuel use. It is necessary...

Under Kyoto, forestry activities that sequester carbon can be used to create CO2 offset credits that could obviate the need for lifestyle-changing reductions in fossil fuel use. Credits are earned by storing carbon in forest ecosystems and wood products, although CO2 emissions are also mitigated...

The contingent-claims-based real options theory is used to value timber harvesting options in Ontario, Canada. Monthly prices from 1981 to 2006 are used for analysis, and different statistical tests, including structural breaks, are used to test the stationarity of prices. The tests show the...

Prominent trade disputes between Canada and the United States involve agriculture and forestry, with lack of transparency caused by Canadian non-market institutions a source of US objections. We examine lessons from the lumber dispute to shed light on US objections to the Canadian Wheat Board...

The paper examines the economic impacts of sustainable forest management (SFM) policies in Canada. Specifically, the marginal costs (MC) of old-growth preservation in an even-aged boreal forest in northeastern Ontario are examined under the condition that forest managers need to achieve multiple...