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Western Journal of Agricultural Economics >
Volume 05, Number 02, December 1980 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/32386
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| Title: | TECHNOLOGICAL ADAPTATION TO RESOURCE SCARCITY IN THE U.S. LUMBER INDUSTRY |
| Authors: | Stier, Jeffrey C. |
| Issue Date: | 1980-12 |
| Abstract: | This paper provides an econometric investigation of the role of a renewable natural resource, sawlogs, in the production of lumber over the period 1950-1974. The economic scarcity of sawlogs is confirmed. Within a given production technology, the potential for substitution among capital, labor and sawlog inputs is greatly restricted but not impossible. Technological change has been strongly labor-saving but has had a negligible effect on wood requirements. Consequently, the real price of lumber has risen, stimulating development of substitute wood products. Continued decline of the industry is anticipated. |
| URI: | http://purl.umn.edu/32386 |
| Institution/Association: | Western Journal of Agricultural Economics>Volume 05, Number 02, December 1980 |
| Total Pages: | 12 |
| Language: | English |
| From Page: | 165 |
| To Page: | 176 |
| Collections: | Volume 05, Number 02, December 1980
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| 05020165.pdf | 691Kb | PDF | View/Open |
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