Paper details

Title:

Are Shocks to Wood Fuel Production Permanent? Evidence from the EU

Author(s):

Jaunky, J., Lundmark, L.

Document(s):

Abstract:

This paper investigates whether shocks to wood fuel production for 18 countries of the European Union (EU) over the period 1961­2012 are transitory or permanent. A variety of time­series and panel data unit root tests are employed. The presence of structural breaks is taken into account when performing those tests. Subsequent to the Narayan­Popp univariate unit root test, wood production series for approximately 77.78% of countries is found to follow a non­stationary process. In addition, most of the panel unit root tests point towards a non­stationary process. On the whole, shocks such as forest conservation policies will tend to be permanent.

Keywords:

wood fuel production, cross-sectional dependence, structural breaks, unit root tests

Topic:

Biomass Policies, Markets and Sustainability

Subtopic:

Biomass strategies and policies

Event:

22nd European Biomass Conference and Exhibition

Session:

4DO.6.1

Pages:

1460 - 1467

ISBN:

978-88-89407-52-3

Paper DOI:

10.5071/22ndEUBCE2014-4DO.6.1

Price:

FREE