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dc.contributor.authorGoodwin, Barry K.en
dc.contributor.authorHolt, Matthew T.en
dc.contributor.authorPrestemon, Jeffrey P.en
dc.identifier.otherUNSP 100989en
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.rightsCC0 1.0 Universalen
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.description.adminPublic domain – authored by a U.S. government employeeen

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CC0 1.0 Universal
License: CC0 1.0 Universal