Stochastic Analysis of World Cotton Outlook Addendum to the 2007/08-2017/18 Baseline
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Bibliographic InfoPaper provided by Texas Tech University, Department of Agricultural and Applied Economics in its series Cotton Economics Research Institute CER Series with number 53140.
Date of creation: Dec 2008
Date of revision:
The cotton market baseline analysis released in 2008 (Ethridge et al.) provided critical information about the future of the world cotton market over the next ten years (2007/02- 2017/18). It is based on a deterministic approach that utilizes the world fiber model developed by the Cotton Economics Research Institute (CERI) at Texas Tech University (Pan et al. 2004). The world fiber model is a multi-country multi-sector partial equilibrium model that includes the world’s 24 major cotton importing and exporting countries and regions. While the deterministic model provides the best available point estimates of potential market outcomes; it does not reveal information about the underlying variability of these markets over time.; Agricultural and Food Policy;
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