The main objective of this article was to analyse the impacts of emerging bioenergy markets on traditional forest product sector markets in the USA. An econometric model was developed to obtain the equilibrium estimates for the bioenergy and traditional forest markets. The results from the econometric model, using data-set for the state of Florida, suggested that biomass for bioenergy and pulpwood and biomass for bioenergy and sawtimber act as substitutes while sawtimber and pulpwood act as complements to each other. A price subsidy policy scenario was considered to simulate a 30% increase in the demand for biomass for bioenergy. The simulation results suggested that inclusion of this policy scenario might generate additional benefits to forest landowners and bioenergy sector, while sawmill and pulpmill sectors might face adverse financial impacts.
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Univ Putra Malaysia, Sch Business & Econ, Serdang 43400, Selangor, MalaysiaUniv Putra Malaysia, Sch Business & Econ, Serdang 43400, Selangor, Malaysia
Alsaleh, Mohd
Abdul-Rahim, A. S.
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Univ Putra Malaysia, Sch Business & Econ, Serdang 43400, Selangor, MalaysiaUniv Putra Malaysia, Sch Business & Econ, Serdang 43400, Selangor, Malaysia
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Univ Oklahoma, Dept Geog & Environm Sustainabil, Norman, OK 73019 USAUniv Oklahoma, Dept Geog & Environm Sustainabil, Norman, OK 73019 USA
Hatzis, Joshua J.
Koch, Jennifer
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Univ Oklahoma, Dept Geog & Environm Sustainabil, Norman, OK 73019 USAUniv Oklahoma, Dept Geog & Environm Sustainabil, Norman, OK 73019 USA
Koch, Jennifer
Brooks, Harold E.
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Univ Oklahoma, NOAA Natl Severe Storms Lab, Norman, OK 73019 USA
Univ Oklahoma, Sch Meteorol, Norman, OK 73019 USAUniv Oklahoma, Dept Geog & Environm Sustainabil, Norman, OK 73019 USA
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Univ Houston, Conrad N Hilton Coll Hotel & Restaurant Managemen, Houston, TX 77204 USAUniv Houston, Conrad N Hilton Coll Hotel & Restaurant Managemen, Houston, TX 77204 USA
Mohammad, Zahra H.
Yu, Heyao
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Penn State Univ, Sch Hospitality Management, 230 Mateer Bldg, University Pk, PA 16802 USAUniv Houston, Conrad N Hilton Coll Hotel & Restaurant Managemen, Houston, TX 77204 USA
Yu, Heyao
Neal, Jack A.
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Univ Houston, Conrad N Hilton Coll Hotel & Restaurant Managemen, Houston, TX 77204 USAUniv Houston, Conrad N Hilton Coll Hotel & Restaurant Managemen, Houston, TX 77204 USA
Neal, Jack A.
Gibson, Kristen E.
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Univ Arkansas, Ctr Food Safety, Dept Food Sci, Div Agr, Fayetteville, AR 72704 USAUniv Houston, Conrad N Hilton Coll Hotel & Restaurant Managemen, Houston, TX 77204 USA
Gibson, Kristen E.
Sirsat, Sujata A.
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Univ Houston, Conrad N Hilton Coll Hotel & Restaurant Managemen, Houston, TX 77204 USAUniv Houston, Conrad N Hilton Coll Hotel & Restaurant Managemen, Houston, TX 77204 USA