TITLE:
Analyzing the Relation between Greek Paper and Paperboard Imports and Exports with Macroeconomic Variables
AUTHORS:
Panagiotis Koulelis
KEYWORDS:
Greek Forest Sector, Paper Imports Exports, Forecasts, Macroeconomic Variables
JOURNAL NAME:
Open Journal of Forestry,
Vol.4 No.5,
October
17,
2014
ABSTRACT: This paper describes the relation between Greek imports and exports of paper and paperboard and a number of major macroeconomic variables, such as population, gross domestic product, the industrial production index and domestic round wood production. The Pearson correlation coefficient and multiple regression analysis were employed in the analysis of the data. The study shows that there is no significant relation between paper and paperboard imports as a dependent variable and population, gross domestic product and domestic round wood production as independent variables. Despite this, an acceptable model is constructed using only gross domestic product as an independent variable. The study also shows that there is a significant relation between the export of paper and paperboard and gross domestic product, the industrial production index and round wood production. The results indicate that gross domestic product as an independent variable has the greatest effect on wood imports and exports in Greece during the period studied. Using these models is confirmed that the use of socioeconomic variables and the construction of future scenarios for the Greek forest sector is very efficient considering the special characteristics of the Greek economy. These models could help the establishment of economic growth, the reduction of the financial and ecological deficit, the implementation of economic reforms and to increase new investments.