The Effects of the 1996 U.S.-Canada Softwood Lumber Agreement on the Industrial Users of Lumber: An Event Study.
In this article, we analyze whether the Softwood Lumber Agreement between the United States and Canada imposed significant economic costs on industries that use softwood lumber in the United States. To ascertain this impact, we use an event study. Our event study analyzes variations in the stock pri...
| Publicado en: | Contemporary Economic Policy Vol. 28; no. 2; pp. 275 - 288 |
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| Autores principales: | , |
| Formato: | Artículo |
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Wiley-Blackwell
April 2010
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=511006846&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 511006846 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 10743529 CEY jtl: Contemporary Economic Policy issn: 10743529 maglogo: N pubinfo: dt: April 2010 vid: 28 iid: 2 pid: 480 pub: Wiley-Blackwell artinfo: ui: 511006846 10.1111/j.1465-7287.2009.00177.x ppf: 275 ppct: 13 formats: fmt: – @attributes: type: T – @attributes: type: C – @attributes: type: P size: 2MB tig: atl: The Effects of the 1996 U.S.-Canada Softwood Lumber Agreement on the Industrial Users of Lumber: An Event Study. aug: au: Malhotra, Nisha Gulati, Sumeet su: Canada-United States commerce Softwood industry Stock prices Mathematical models United States sug: subj: United States Canada-United States commerce Softwood industry Stock prices Mathematical models keyword: Softwood Lumber Agreement between the Government of Canada and the Government of the United States of America ab: In this article, we analyze whether the Softwood Lumber Agreement between the United States and Canada imposed significant economic costs on industries that use softwood lumber in the United States. To ascertain this impact, we use an event study. Our event study analyzes variations in the stock prices of lumber-using firms listed at the major stock markets in the United States. We find that the news of events leading to the Softwood Lumber Agreement had significant negative impacts on the stock prices of industries using softwood lumber. The average reduction of stock prices for our sample of firms was approximately 5.42% over all the events considered. (JEL F13, F23). pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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