TITLE

An intervention analysis of Hurricane Hugo's effect on South Carolina's stumpage prices

AUTHOR(S)
Newman, David H.; Yin, Runsheng
PUB. DATE
June 1999
SOURCE
Canadian Journal of Forest Research;Jun99, Vol. 29 Issue 6, p779
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
Using intervention analysis and Timber Mart-South price data, we test hypotheses concerning the impact of Hurricane Hugo on regional stumpage prices. In both the hardwood sawtimber and pine pulpwood markets, a gradual die-down price effect was detected, but a persistently higher or lower price was not found. In the hardwood pulpwood market, we could not even identify a significant price drop immediately followed the occurrence of Hugo. Only in the pine sawtimber market were we able to detect a higher price of $6.00 per thousand board feet in thelong run. However, our examination of an average price series for pine sawtimber across the southern United States suggests that this effect could have come from structural shifts in the regional market, rather than from Hugo's impact. Our empirical evidence thus rejects thehypothesis of a persistently higher or lower price in favor of the alternative that Hugo caused only a gradual die-down price effect.
ACCESSION #
8053235

 

Related Articles

  • Determination of sample size for estimating ion throughfall deposition under a mixed hardwood forest at the Lake Clair Watershed (Duchesnay, Quebec) Ouimet, Rock; Paquin, Raynald; Houle, Daniel; Laflamme, Jean-Guy // Canadian Journal of Forest Research;Dec1999, Vol. 29 Issue 12, p1935 

    Variability of throughfall volume and ion deposition were measured under a mixed hardwood forest using 36 or 72 collectors from 1988 to 1994 during the growing period (May to October) for 163 events. The ions showing the highest variability in results were (in decreasing order) NH4+, H+, Mg2+,...

  • Culture shock in the car park. Vines, Gail // New Scientist;06/14/97, Vol. 154 Issue 2086, p48 

    Reports on moves to abandon exotic stock and propagate plants from seeds collected locally in Great Britain. Downside of using exotic stock; Launching of the ecological initiative called Floral Locale; Schemes designed to recreate traditional wildflower grasslands.

  • Editorial. Herben, Tomáš; Marhold, Karol // Folia Geobotanica;Mar2008, Vol. 43 Issue 1, p1 

    The article introduces the 2008/1 issue of "Folia Geobotanica," which is devoted to plant ecology/vegetation science and plant systematics.

  • adpressed:. Schlegel, Rolf H. J. // Encyclopedic Dictionary of Plant Breeding & Related Subjects;2003, p13 

    A definition of the term "adpressed" which refers to lying flat against, is presented.

  • Seasonal gas exchange of black spruce using an automatic branch bag system Rayment, M. B.; Jarvis, P. G. // Canadian Journal of Forest Research;Oct1999, Vol. 29 Issue 10, p1528 

    Four large cuvettes were used to measure whole-branch CO2and H2O vapour exchange at the Boreal Ecosystem-Atmosphere Study, Southern Study Area, Old Black Spruce site. Measurements started before the spring thaw and continued until after the winter freeze-up. Daytime photosynthesis, nighttime...

  • Forest landscape change in the northwestern Wisconsin Pine Barrens from pre-European settlement to the present Mladenoff, David J.; Boyce, Mark S.; Radeloff, Volker C.; He, Hong S. // Canadian Journal of Forest Research;Nov1999, Vol. 29 Issue 11, p1649 

    Natural disturbance patterns can provide useful information for ecosystem management. Our objective was to provide a detailed spatial picture of the pre-European settlement vegetation cover for the northwestern Wisconsin Pine Barrens and to compare it with the present vegetation cover. We...

  • Competition Between Alien Annual Grasses and Native Annual Plants in the Mojave Desert. Brooks, Matthew L. // American Midland Naturalist;Jul2000, Vol. 144 Issue 1, p92 

    Focuses on a study which evaluated the competition between alien annual grass seedlings and native annual plants in the Mojave Desert. Significance of thinning to both plants; Methodology of the study; Results and discussion.

  • TRUMPI PRANESIMAI. Rašomavičius, Valerijus // Botanica Lithuanica;2004 Supplement 6, Vol. 10, p89 

    Discussion on the peculiarities of Teesdalia nudicaulis distribution in Lithuania is presented. The analysis of Teesdalia nudicaulis localities revealed that its distribution in West Lithuania is consistent with its overall ecology and distribution pattern.

  • Early understory succession following catastrophic wind damage in a deciduous forest Sullivan, Jon J.; Latham, Roger Earl; Casper, Brenda B.; Castelli, Jeff P. // Canadian Journal of Forest Research;Dec1999, Vol. 29 Issue 12, p1997 

    Early succession was followed in a 2.5-ha gap created by a severe wind storm in a 5.5-ha fragment of eastern North American deciduous forest. Understory vegetation cover by species, light, soil moisture, and levels of several major nutrients were measured in 1 x 2 m census plots 3 years prior...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics