Market Power and Unites States Sectoral Textile Imports
AbstractThis paper estimates US textiles import elasticities with 20 of its largest textiles exporters by utilizing cointegration methodology. The soon-to-be-implemented abolition of quotas on textiles makes the study of these import elasticities especially relevant to many developing countries particularly to those that have a significant textiles component in their exports. The study uses disaggregated data (4 digit ISIC) to separately consider seven textiles sub-sectors and calculates income and price elasticities for each one. While China appears to be in a position of significant market power in a majority of the textiles sub-sectors examined in this paper, the estimates also identify the particular sub-sectors in which the smaller textile exporters are in a position of some strength. Specifically, the carpets and rugs, and the apparels sectors are identified as those where smaller exporters have relatively more market power.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Economic Issues in its journal Economic Issues.
Volume (Year): 9 (2004)
Issue (Month): 2 (September)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Choi, In, 1994. "Residual-Based Tests for the Null of Stationarity with Applications to U.S. Macroeconomic Time Series," Econometric Theory, Cambridge University Press, vol. 10(3-4), pages 720-746, August.
- Sims, Christopher A, 1980. "Macroeconomics and Reality," Econometrica, Econometric Society, vol. 48(1), pages 1-48, January.
- Mohsin S. Khan, 1974. "Import and Export Demand in Developing Countries (Demande Ã l'importation et l'exportation dans les pays en dÃ©veloppement) (La demanda de importaciÃ³n y de exportaciÃ³n en los paÃses en des," IMF Staff Papers, Palgrave Macmillan, vol. 21(3), pages 678-693, November.
- Robert G. King & Charles I. Plosser & James H. Stock & Mark W. Watson, 1991.
"Stochastic trends and economic fluctuations,"
Working Paper Series, Macroeconomic Issues
91-4, Federal Reserve Bank of Chicago.
- Johansen, Soren, 1988. "Statistical analysis of cointegration vectors," Journal of Economic Dynamics and Control, Elsevier, vol. 12(2-3), pages 231-254.
- Shah, Shekhar & Mishra, Deepak & Panagariya, Arvind, 1996.
"Demand elasticities in international trade : are they really low?,"
Policy Research Working Paper Series
1712, The World Bank.
- Panagariya, Arvind & Shah, Shekhar & Mishra, Deepak, 2001. "Demand elasticities in international trade: are they really low?," Journal of Development Economics, Elsevier, vol. 64(2), pages 313-342, April.
- Houthakker, Hendrik S & Magee, Stephen P, 1969. "Income and Price Elasticities in World Trade," The Review of Economics and Statistics, MIT Press, vol. 51(2), pages 111-25, May.
- Johansen, Soren, 1991. "Estimation and Hypothesis Testing of Cointegration Vectors in Gaussian Vector Autoregressive Models," Econometrica, Econometric Society, vol. 59(6), pages 1551-80, November.
- Bahmani-Oskooee, Mohsen, 1986. "Determinants of international trade flows : The Case of Developing Countries," Journal of Development Economics, Elsevier, vol. 20(1), pages 107-123.
- Bahmani-Oskooee Mohsen & Taggert Brooks, 1999. "Cointegration Approach to Estimating Bilateral Trade Elasticities Between U.S. and Her Trading Partners," International Economic Journal, Taylor & Francis Journals, vol. 13(4), pages 119-128.
- Premachandra Athukorala & James Riedel, 1991. "The small country assumption: A reassessment with evidence from Korea," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 127(1), pages 138-151, March.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dan Wheatley).
If references are entirely missing, you can add them using this form.