文献类型：期刊文献

英文题名：Study on the short-term and long-term Granger causality relationship between China's domestic and imported timber prices

作者：Rong, Zhao[1] Ma, Kun[2] Gang, Diao[3] Chen, Shaozhi[1]

第一作者：赵荣

通信作者：Gang, D[1]

机构：[1]Chinese Acad Forestry, Res Inst Forestry Policy & Informat, Beijing, Peoples R China;[2]Hebei Univ Sci & Technol, Econ & Management Coll, Shijiazhuang, Hebei, Peoples R China;[3]Agr Univ Hebei, Business Coll, 289 Ling Yusi Rd, Baoding 071001, Hebei, Peoples R China

年份：2019

卷号：24

期号：3

起止页码：131-136

外文期刊名：JOURNAL OF FOREST RESEARCH

收录：;EI(收录号：20192006937996);Scopus(收录号：2-s2.0-85065639065);WOS:【SCI-EXPANDED(收录号:WOS:000470569600001)】；

基金：This work was supported by the National Social Science Fund [Grant no. 17BGL248].

语种：英文

外文关键词：China's domestic timber price; imported timber price; Wald-Granger causality test; Geweke causality test; spectral Granger causality test

摘要：This study aims at finding out how China's domestic and international timber markets interact with each other. Wald-Granger causality test, Geweke causality test and spectral Granger causality test were adopted to analyse daily data of domestic and imported logs and sawn timber prices. The results revealed that there was a significant Granger relationship between domestic and imported log markets and between domestic and imported sawn timber markets in both long and short terms, with a large proportion of instant feedback relationship. But the Granger tests for the relationship between the domestic log price and imported sawn timber price displayed a great difference. The Wald-Granger and Geweke causality test results showed that there was Granger relationship between the above two markets, but the result of spectral Granger causality test suggested that the domestic log price was not the Granger cause of the imported sawn timber price in the frequency domain of [0, pi]. The results of empirical analysis proved a strong conductive relationship between the China's domestic timber market and international market and displayed the complicated interaction between domestic and international timber markets which have strong policies implication for both government and enterprises in China.