Development of the Roundwood Import Prediction Model
2007
Kim, D.J. (Chungbuk National University, Cheongju, Republic of Korea), E-mail: [email protected]
This study developed the Korean roundwood import prediction model using vector autoregressive (VAR) method. The roundwood was divided into softwood and hardwood by species. The VAR model of roundwood import was specified with two lagged endogenous variables, that is, roundwood import volume and roundwood import price. The results showed that the significance levels of F-statistics in the softwood and hardwood roundwood import equations rejected the hypothesis that all coefficients are zero.
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