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

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Author Info
George Verikios (UWA Business School, The University of Western Australia)

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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
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File Function: First version, 2006
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Publisher 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
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Handle: RePEc:uwa:wpaper:06-19

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  1. 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. [Downloadable!] (restricted)
  2. George Verikios, 2004. "A Model of the World Wool Market," Economics Discussion / Working Papers 04-24, The University of Western Australia, Department of Economics. [Downloadable!]
  3. Mullen, J.D. & Alston, J.M. & Wohlgenant, M.K., 1989. "The Impact Of Farm And Processing Research On The Australian Wool Industry," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 33(01), April. [Downloadable!]
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