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Understanding the World Wool Market: Trade, Productivity and Grower Incomes. Part 1: Introduction

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  • George Verikios

    (UWA Business School, The University of Western Australia)

Abstract

This is the front matter and Chapter 1 of my PhD thesis Understanding the World Wool Market: Trade, Productivity and Grower Incomes, UWA, 2006. The full thesis is available as Discussion Papers 06.19 to 06.24. The core objective of this thesis is summarised by its title: “Understanding the World Wool Market: Trade, Productivity and Grower Incomes”. Thus, we wish to aid understanding of the economic mechanisms by which the world wool market operates. In doing so, we analyse two issues – trade and productivity – and their effect on, inter alia, grower incomes. To achieve the objective, we develop a novel analytical framework, or model. The model combines two long and rich modelling traditions: the partial-equilibrium commodity-specific approach and the computable-general-equilibrium approach. The result is a model that represents the world wool market in detail, tracking the production of greasy wool through five off-farm production stages ending in the production of wool garments.

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File URL: http://www.biz.uwa.edu.au/home/research/discussionworking_papers/economics/2005?f=146990
File Function: First version, 2006
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Bibliographic Info

Paper provided by The University of Western Australia, Department of Economics in its series Economics Discussion / Working Papers with number 06-19.

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Length: 40 pages
Date of creation: 2006
Date of revision:
Handle: RePEc:uwa:wpaper:06-19

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  1. Verikios, George, 2005. "A Model of the World Wool Market," 2005 Conference (49th), February 9-11, 2005, Coff's Harbour, Australia 139293, Australian Agricultural and Resource Economics Society.
  2. Trela, Irene & Whalley, John, 1990. "Global Effects of Developed Country Trade Restrictions on Textiles and Apparel," Economic Journal, Royal Economic Society, vol. 100(403), pages 1190-1205, December.
  3. John D. Mullen & Julian M. Alston & Michael K. Wohlgenant, 1989. "The Impact Of Farm And Processing Research On The Australian Wool Industry," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 33(1), pages 32-47, 04.
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Cited by:
  1. George Verikios, 2007. "Modelling the World Wool Market: A Hybrid Approach," Economics Discussion / Working Papers 07-18, The University of Western Australia, Department of Economics.

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