World Fibers Demand
AbstractThis paper analyses the world demand for fibers using the system-wide approach with three dimensionÂ—product X space X time. We investigate to what extent differences in international consumption patterns of fibers can be explained by differences in incomes and prices faced by different consumers. A novel approach to cross-country consumption comparisons is employed to avoid the troublesome problem of what exchange rates to use when converting data into a common currency unit. We use data from the ten largest consuming countries to estimate demand systems and then examine how they perform in predicting consumption patterns in a large number of out-of-sample countries.
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Bibliographic InfoArticle provided by Southern Agricultural Economics Association in its journal Journal of Agricultural and Applied Economics.
Volume (Year): 33 (2001)
Issue (Month): 01 (April)
demand systems; fibers demand; international consumption comparisons; Demand and Price Analysis;
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