Author : Anousack Inthachack

Summary : This study was conducted to investigate the main factors affecting supply and demand of sawn timber in Lao PDR. A market model of sawn timber consisting of supply, export and domestic demand equations, and an identity equation was formulated and developed. The partial adjustment framework for supply and demand of sawm timber was developed. Annual data for the period 1978 to 1992 were used in this study. Secondary data obtained from various sources including those published by local and international organizations and the record of relevant wood industries in Lao PDR were also used. The model was estimated using two stage least square technique (2SLS).