Causality of Forest Inventory and Roundwood Supply in Korea
2006
Kim, D.J. (Chungbuk National University, Cheongju, Republic of Korea), E-mail: [email protected] | Kim, E.G. (Gyeongsang National University, Jinju, Republic of Korea)
This study confirmed econometrically the causality of forest inventory and roundwood supply using Korean data. In general, forest inventory is included as explanatory variable in roundwood supply function. We checked whether each series is stationary or not before using it in the model, and determined whether the combination of the series is cointegrated. The relationship between forest inventory and roundwood supply was represented by bivariate vector autoregressive model. The causality of forest inventory and roundwood supply was measured by the causality test of Granger.
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