World Fibers Demand
This paper analyses the world demand for fibers using the system-wide approach with three dimensionÂ—product X space X time. We investigate to what extent differences in international consumption patterns of fibers can be explained by differences in incomes and prices faced by different consumers. A novel approach to cross-country consumption comparisons is employed to avoid the troublesome problem of what exchange rates to use when converting data into a common currency unit. We use data from the ten largest consuming countries to estimate demand systems and then examine how they perform in predicting consumption patterns in a large number of out-of-sample countries.
Volume (Year): 33 (2001)
Issue (Month): 01 (April)
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- Keller, W.J. & Van Driel, J., 1985. "Differential consumer demand systems," European Economic Review, Elsevier, vol. 27(3), pages 375-390.
- Mues, Colin & Simmons, Phil, 1988. "The Effects of US Farm Policy on Australian Cotton Revenues," 1988 Conference (32nd), February 8-11, 1988, Melbourne, Australia 144045, Australian Agricultural and Resource Economics Society.
- E.A. Selvanathan, 1985.
"An Even Simpler Differential Demand System,"
Economics Discussion / Working Papers
85-08, The University of Western Australia, Department of Economics.
- Dudley, George E., 1974. "U.S. Textile Fiber Demand: Price Elasticities in Major End-Use Markets," Technical Bulletins 158591, United States Department of Agriculture, Economic Research Service.
- Barten, Anton P, 1993. "Consumer Allocation Models: Choice of Functional Form," Empirical Economics, Springer, vol. 18(1), pages 129-158.
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