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Global End-Use Demand for Cotton: A Time-Varying Parameter Model

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  • MacDonald, Stephen

Abstract

A Cooley-Prescott model is used to estimate trends in income and price response of end-use demand for cotton in developed countries. By comparing trends in parameter variation between different groups of developed countries it is possible to develop hypotheses regarding the varying impact of product promotion and structural change between regions.

Suggested Citation

  • MacDonald, Stephen, 1997. "Global End-Use Demand for Cotton: A Time-Varying Parameter Model," MPRA Paper 70911, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:70911
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    File URL: https://mpra.ub.uni-muenchen.de/70911/1/MPRA_paper_70911.pdf
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    References listed on IDEAS

    as
    1. Capps Jr., Oral & Bessler, David A. & Davis, George C. & Nichols, John P., 1996. "Economic Evaluation of the Cotton Checkoff Program," Economic Evaluation of Commodity Promotion Programs in the Current Legal and Political Environment, October 7-8, 1996, Monterey, California 279664, Regional Research Projects > NECC-63: Research Committee on Commodity Promotion.
    2. Cooley, Thomas F & Prescott, Edward C, 1976. "Estimation in the Presence of Stochastic Parameter Variation," Econometrica, Econometric Society, vol. 44(1), pages 167-184, January.
    3. Zhang, Ping & Fletcher, Stanley M. & Ethridge, Don E., 1994. "Interfiber Competition In Textile Mills Over Time," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 26(1), pages 1-10, July.
    4. Parrott, Scott D. & McIntosh, Christopher S., 1996. "Nonconstant Price Expectations And Acreage Response: The Case Of Cotton Production In Georgia," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 28(1), pages 1-8, July.
    5. Zhang, Ping & Fletcher, Stanley M. & Ethridge, Don E., 1994. "Interfiber Competition in Textile Mills Over Time," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 26(1), pages 173-182, July.
    6. Julian M. Alston & James A. Chalfant, 1991. "Unstable Models from Incorrect Forms," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(4), pages 1171-1181.
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    Cited by:

    1. Marseli, Oussama & Epperson, James E., 2002. "An Analysis Of Domestic And Export Demand For U.S. Cotton," Faculty Series 16709, University of Georgia, Department of Agricultural and Applied Economics.

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    More about this item

    Keywords

    demand; Cooley-Prescott; cotton; textiles;
    All these keywords.

    JEL classification:

    • Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices

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