Global wood market, prices and plantation investment
A global wood shortage generating real inflation-adjusted price increases for wood has been a long and widely-held expectation. This paper assesses the validity of this view by examining global trends in wood and wood-products consumption, developing a model to explain movements in wood prices and testing it empirically. No evidence was found of increasing real prices for wood over the long-term, indicating that there is no looming global wood shortage. A global wood shortage is not predicted...[Show more]
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