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World Demand for Cotton during the Nineteenth Century: Reply

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  • Wright, Gavin

Abstract

Since writing “Cotton Competition,“ I have many times wished that I had never included the paragraph joining pages 632 and 633, since figures that were intended as no more than back-of-the-envelope confirmation of the econometric results have been cited as the central conclusions of the study. To make matters worse, the demand-shift formula was incorrectly applied, most seriously in the exaggerated decline in demand for American cotton between 1860 and 1870. For these reasons I am grateful to John Hanson for making these corrections and for giving me an opportunity to disown this particular halfdozen numbers.

Suggested Citation

  • Wright, Gavin, 1979. "World Demand for Cotton during the Nineteenth Century: Reply," The Journal of Economic History, Cambridge University Press, vol. 39(4), pages 1023-1024, December.
    • Handle: RePEc:cup:jechis:v:39:y:1979:i:04:p:1023-1024_09
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    Cited by:

    1. Craft, Erik D. & Monks, James, 2008. "The postbellum demand for cotton revisited," Explorations in Economic History, Elsevier, vol. 45(2), pages 199-206, April.
    2. Joseph Davis & Vanguard Group; Christopher Hanes, 2004. "Primary Sector Shocks and Early American Industrialization," 2004 Meeting Papers 154, Society for Economic Dynamics.

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