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World Fibers Demand

  • Clements, Kenneth W.
  • Lan, Yihui

This paper analyses the world demand for fibers using the system-wide approach with three dimension—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.

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Article provided by Southern Agricultural Economics Association in its journal Journal of Agricultural and Applied Economics.

Volume (Year): 33 (2001)
Issue (Month): 01 (April)

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Handle: RePEc:ags:joaaec:15298
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  1. Barten, Anton P, 1993. "Consumer Allocation Models: Choice of Functional Form," Empirical Economics, Springer, vol. 18(1), pages 129-58.
  2. 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.
  3. 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.
  4. Selvanathan, E. Antony, 1985. "An even simpler differential demand system," Economics Letters, Elsevier, vol. 19(4), pages 343-347.
  5. Keller, W.J. & Van Driel, J., 1985. "Differential consumer demand systems," European Economic Review, Elsevier, vol. 27(3), pages 375-390.
  6. E.A. Selvanathan, 1985. "An Even Simpler Differential Demand System," Economics Discussion / Working Papers 85-08, The University of Western Australia, Department of Economics.
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