You are here: Home
/ Publication Information
Title: Credit availability: a possible barrier to growth for the Alaska forest products industry?
Author: Donovan, Geoffrey; Hesseln, Hayley; Garth, John.
Source: Western Journal of Applied Forestry. 20(3): 177-183.
Publication Series: Miscellaneous Publication
Description: Historically, the Alaska forest products industry has been driven by pulp production and the export of logs and cants primarily to Japan. Economic stagnation in Japan, the closure of Alaska's two pulp mills, harvest restrictions, and increased competition have severely impacted the industry. To survive, the industry must make significant investments in capital equipment, which requires adequate access to business credit. This article examines whether credit availability is a barrier to the future growth of the industry. Data were collected through a mail survey in spring 2002. Our results show that credit rationing is prevalent throughout the industry. Lack of experience and low collateral are identified as the two main causes. An educational program and loan guarantees are offered as policy prescriptions to help alleviate credit rationing.
Keywords: Alaska forest products industry, credit rationing, economics, policy
- We recommend that you also print this page and attach it to the printout of the article, to retain the full citation information.
- This article was written and prepared by U.S. Government employees on official time, and is therefore in the public domain.
- You may send email to email@example.com to request a hard copy of this publication. (Please specify exactly
which publication you are requesting and your mailing address.)
XML: View XML
Donovan, Geoffrey; Hesseln, Hayley; Garth, John. 2005. Credit availability: a possible barrier to growth for the Alaska forest products industry?. Western Journal of Applied Forestry. 20(3): 177-183.
Get the latest version of the Adobe Acrobat reader or Acrobat Reader for Windows with Search and Accessibility