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Factor endowment and structural change in Kentucky forest industry
Forest Policy and Economics ( IF 4.0 ) Pub Date : 2021-08-17 , DOI: 10.1016/j.forpol.2021.102558
Domena A. Agyeman 1 , Thomas O. Ochuodho 1
Affiliation  

Factor endowment-based structural change theorems posit that increase in factor endowment of a region leads to an increase in output of the industries that use the factors more intensively. This study uses a dynamic panel regression analysis to examine the linkage between factor endowment and structural changes in Kentucky forest industry. The analysis uses forest-based industries' shares in employment and real output as structural variables in the regressions. Results show that increase in both capital and labor endowments have a positive and significant influence on forest industry structure as the industry uses the respective factors intensively. Moreover, the magnitude of the influence of labor endowment is higher than that of capital endowment. Further, results show that final demand has a marginal positive influence on Kentucky forest industry structure. Results are useful for recommending policy options to improve and sustain Kentucky's forest industry.



中文翻译:

肯塔基林业要素禀赋与结构变化

基于要素禀赋的结构变化定理认为,一个地区要素禀赋的增加会导致更密集地使用要素的产业的产出增加。本研究使用动态面板回归分析来检验要素禀赋与肯塔基森林产业结构变化之间的联系。该分析使用森林产业在就业和实际产出中的份额作为回归中的结构变量。结果表明,资本和劳动力禀赋的增加对林业产业结构具有显着的正向影响,因为森林产业对各自要素的利用较为集中。而且,劳动禀赋的影响程度要高于资本禀赋。更远,结果表明,最终需求对肯塔基森林产业结构具有边际正向影响。结果有助于推荐政策选择以改善和维持肯塔基州的森林工业。

更新日期:2021-08-17
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