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dc.contributor.authorGoodwin, Barry K.en
dc.contributor.authorHolt, Matthew T.en
dc.contributor.authorPrestemon, Jeffrey P.en
dc.date.accessioned2020-02-24T15:52:58Z
dc.date.available2020-02-24T15:52:58Z
dc.date.issued2019-11en
dc.identifier.issn1062-9408en
dc.identifier.otherUNSP 100989en
dc.identifier.urihttp://hdl.handle.net/10919/97015
dc.description.abstractWe assess exchange rate pass-through (ERPT) for U.S. and Canadian prices for oriented strand board (OSB), a structural wood panel product used extensively in U.S. residential construction. Because of its prominence in construction and international trade, OSB markets are likely sensitive to general economic conditions. In keeping with recent research, we examine regime-specific ERPT effects; we use a smooth transition vector error correction model. We also consider ERPT asymmetries associated with a measure of general macroeconomic activity. Our results indicate that during expansionary periods ERPT is modest, but during downturns, ERPT effects are larger.en
dc.description.sponsorshipUSDA-USFS [SRS 09-CA-11330143-023]en
dc.format.mimetypeapplication/pdfen
dc.language.isoenen
dc.rightsCC0 1.0 Universalen
dc.rights.urihttp://creativecommons.org/publicdomain/zero/1.0/en
dc.subjectExchange rate pass-throughen
dc.subjectOriented strand boarden
dc.subjectSmooth transition modelen
dc.subjectUnemployment rateen
dc.titleNonlinear exchange rate pass-through in timber products: The case of oriented strand board in Canada and the United Statesen
dc.typeArticle - Refereeden
dc.contributor.departmentAgricultural and Applied Economicsen_US
dc.description.notesThis research has been supported by USDA-USFS Cooperative Agreement No. SRS 09-CA-11330143-023. We appreciate the helpful comments provided by an anonymous referee and by seminar participants at the International Conference of Agricultural Economists in Vancouver, Canada, August 2018. Authors names appear in alphabetical order - senior authorship is shared.en
dc.title.serialNorth American Journal of Economics and Financeen
dc.identifier.doihttps://doi.org/10.1016/j.najef.2019.100989en
dc.identifier.volume50en
dc.type.dcmitypeTexten
dc.type.dcmitypeStillImageen
dc.description.adminPublic domain – authored by a U.S. government employeeen
dc.identifier.eissn1879-0860en


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