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World Fibers Demand

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  • Clements, Kenneth W.
  • Lan, Yihui

Abstract

This paper analyses the world demand for fibers using the system-wide approach with three dimension—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 Info

Article provided by Southern Agricultural Economics Association in its journal Journal of Agricultural and Applied Economics.

Volume (Year): 33 (2001)
Issue (Month): 01 (April)
Pages:

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Handle: RePEc:ags:joaaec:15298

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Web page: http://www.saea.org/jaae/jaae.htm
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Related research

Keywords: demand systems; fibers demand; international consumption comparisons; Demand and Price Analysis;

References

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  1. Mues, Colin & Simmons, Phil, 1988. "The Effects of US Farm Policy on Australian Cotton Revenues," 1988 Conference (32nd), February 8-11, 1988, Melbourne, Australia 144045, Australian Agricultural and Resource Economics Society.
  2. Keller, W.J. & Van Driel, J., 1985. "Differential consumer demand systems," European Economic Review, Elsevier, vol. 27(3), pages 375-390.
  3. Selvanathan, E. Antony, 1985. "An even simpler differential demand system," Economics Letters, Elsevier, vol. 19(4), pages 343-347.
  4. Dudley, George E., 1974. "U.S. Textile Fiber Demand: Price Elasticities in Major End-Use Markets," Technical Bulletins 158591, United States Department of Agriculture, Economic Research Service.
  5. Barten, Anton P, 1993. "Consumer Allocation Models: Choice of Functional Form," Empirical Economics, Springer, vol. 18(1), pages 129-58.
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Cited by:
  1. Hoque, Ziaul & Farquharson, Robert J. & Taylor, Ian & Walker, Steve & Osten, Vikki & Jones, Randall E., 2003. "The economic cost of weeds in dryland cotton production systems of Australia," 2003 Conference (47th), February 12-14, 2003, Fremantle, Australia 57893, Australian Agricultural and Resource Economics Society.
  2. James Fogarty, 2004. "The Own-Price Elasticity of Alcohol: A Meta-Analysis," Economics Discussion / Working Papers 04-01, The University of Western Australia, Department of Economics.

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