Author:
He Mingtao,Li Wenying,Smidt Mathew,Zhang Yaoqi
Abstract
Abstract
Employment in the US logging industry has been declining over the past few decades and fell to a 20-year low following the 2008 economic recession. This study investigates the drivers of employment in the US logging industry from 2007 to 2017, using a directed acyclic graph (DAG). This approach is applied for the first time to disclose the contemporaneous causal relations among employment, wages, mechanization, production level, and product prices in the logging industry. Forecast error variance decomposition (VD) is further used to examine the long-run dynamic relationships between these variables. The results show that the product price directly affects employment and indirectly promotes employment through wages. The results of VD show that mechanization has an increasing long-term effect on employment.
Subject
Plant Science,General Materials Science,Forestry
Reference92 articles.
1. Abbas,
D.,
Handler,
R.
Hartsough,
B.
Dykstra,
D.
Lautala,
P.
and
Hembroff.L.
2014.
A survey analysis of forest harvesting and transportation operations in Michigan. Croat.
J. Forest Eng.
35(2):
179–
192.
2. Abt,
K. L.
2013.
Employment and income trends and projections for forest-based sectors in the US.
In:The Southern Forest Futures Project: Technical Report. Gen. Tech. Rep. SRS-GTR-178.
WearD. N. and
GreisJ. G.(Eds.).USDA Forest Service, Southern Research Station, Asheville, North Carolina.pp.293–
308.
3. Allred,
S.,
Michler,
C.
and
Mycroft.C.
2011.
Midwest logging firm perspectives: Harvesting on increasingly parcelized forestlands.
Int. J. Forest Res.
2011:
1–
8.
https://doi.org/10.1155/2011/320170
4. Alsaedi,
Y. H.
and
Tularam.G. A.
2020.
The relationship between electricity consumption, peak load and GDP in Saudi Arabia: A VAR analysis.
Mathematics and Computers in Simulation175:
164–
178.
https://doi.org/10.1016/j.matcom.2019.06.012
5. Angeletos,
G. M.
and
La'O.J.
2009.
Incomplete information, higher-order beliefs and price inertia.
J. Monetary Econ.
56:
19–
37.
https://doi.org/10.1016/j.jmoneco.2009.07.001
Cited by
2 articles.
订阅此论文施引文献
订阅此论文施引文献，注册后可以免费订阅5篇论文的施引文献，订阅后可以查看论文全部施引文献