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World Fibers Demand

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  • Clements, Kenneth W.
  • Lan, Yihui

Abstract

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.

Suggested Citation

  • Clements, Kenneth W. & Lan, Yihui, 2001. "World Fibers Demand," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 33(1), pages 1-23, April.
    • Handle: RePEc:ags:joaaec:15298
    DOI: 10.22004/ag.econ.15298
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    1. Donald, James R. & Lowenstein, Frank & Simon, Martin S., 1963. "The Demand for Textile Fibers in the United States," Technical Bulletins 171153, United States Department of Agriculture, Economic Research Service.
    2. 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.
    3. Selvanathan, E. Antony, 1985. "An even simpler differential demand system," Economics Letters, Elsevier, vol. 19(4), pages 343-347.
    4. 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.
    5. Barten, Anton P, 1993. "Consumer Allocation Models: Choice of Functional Form," Empirical Economics, Springer, vol. 18(1), pages 129-158.
    6. Keller, W.J. & Van Driel, J., 1985. "Differential consumer demand systems," European Economic Review, Elsevier, vol. 27(3), pages 375-390.
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    Cited by:

    1. Hoque, Ziaul & Farquharson, Robert J. & Taylor, Ian & Walker, Steve & Osten, Vikki & Jones, Randall E., 2003. "The economic cost of weeds in dryland cotton production systems of Australia," 2003 Conference (47th), February 12-14, 2003, Fremantle, Australia 57893, Australian Agricultural and Resource Economics Society.
    2. Suwen Pan & Mohamadou Fadiga & Samarendu Mohanty & Mark Welch, 2007. "Cotton In A Free Trade World," Economic Inquiry, Western Economic Association International, vol. 45(1), pages 188-197, January.
    3. Suwen Pan & Samarendu Mohanty & Mark Welch & Don Ethridge & Mohamadou Fadiga, 2007. "Effects Of Chinese Currency Revaluation On World Fiber Markets," Contemporary Economic Policy, Western Economic Association International, vol. 25(2), pages 185-205, April.
    4. James Fogarty, 2004. "The Own-Price Elasticity of Alcohol: A Meta-Analysis," Economics Discussion / Working Papers 04-01, The University of Western Australia, Department of Economics.

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