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North American Oriented Strand Board Markets, Arbitrage Activity, and Market Price Dynamics: A Smooth Transition Approach

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Figure

Table 2: Major Events Impacting Regional OSB Markets.
Table 3: Results of Unit Root Tests Against Linear and STAR–Type Alternatives Ap-plied to Six Regional OSB Price Pairs.
Table 5: Estimated Half Lives for the EstimatedAR and STAR Models for Regional OSB PriceRelationships.
Figure 1: U.S. Plywood and OSB Consumption, 1958–2009 and Projected for 2010.
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