Armington elasticities of intra-European trade with wood bioenergy products

• The purpose of this paper is to provide estimated Armington elasticities for selected European countries and for three forest commodities of main interest in many energy models: roundwood, chips & particles and wood residues. The Armington elasticity is based on the assumption that a specific forest commodity is differentiated solely by its origin. The statistically significant estimated Armington elasticities range from 0.52 for roundwood in Hungary to approximately 4.53 for roundwood in Estonia. On average, the statistically significant Armington elasticity for chips & particles over all countries is 1.7 and for wood residues and roundwood 1.3 and 1.5, respectively. These elasticities provide benchmark values for partial equilibrium models trying to assess trade patterns of forest commodities and energy policy effects for individual European countries or the European Community as a whole.

Ämnesord

SAMHÄLLSVETENSKAP  -- Ekonomi och näringsliv -- Nationalekonomi (hsv//swe)

SOCIAL SCIENCES  -- Economics and Business -- Economics (hsv//eng)

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Economics

Nationalekonomi

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