A dynamic forecasting model for the Finnish pulp export price.
This study investigates the relationship between Finnish sulphate pulp export prices and international pulp inventories using the Johansen cointegration method. Long-run equilibrium is found to exist between pulp price and NORSCAN inventory for the study period, 1980-94. Granger causality is found t...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Finnish Society of Forest Science
1996-01-01
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| Series: | Silva Fennica |
| Online Access: | https://www.silvafennica.fi/article/5570 |
| Summary: | This study investigates the relationship between Finnish sulphate pulp export prices and international pulp inventories using the Johansen cointegration method. Long-run equilibrium is found to exist between pulp price and NORSCAN inventory for the study period, 1980-94. Granger causality is found to exist from inventory to price but not vice versa. A simple short-run forecasting model for the Finnish pulp export price is formed. In preliminary analysis, the explanatory power of model is found to be acceptable but only under stable market conditions. |
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| ISSN: | 2242-4075 |