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Price asymmetry in the US fibre markets

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  • Suwen Pan
  • Samarendu Mohanty
  • Mohamadou Fadiga

Abstract

In this article, price linkages between cotton and polyester markets are investigated. After determining that the causality is present in both the directions, the nature of the price linkages was studied. The results suggest that polyester price responds asymmetrically to cotton price changes, whereas asymmetric response from cotton price to changes in polyester price is found to be weak. The results also did not support the hypothesis of contemporaneous effects between the polyester and cotton prices.

Suggested Citation

  • Suwen Pan & Samarendu Mohanty & Mohamadou Fadiga, 2007. "Price asymmetry in the US fibre markets," Applied Economics Letters, Taylor & Francis Journals, vol. 14(8), pages 545-548.
    • Handle: RePEc:taf:apeclt:v:14:y:2007:i:8:p:545-548
    DOI: 10.1080/13504850600592523
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    References listed on IDEAS

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    1. Hayenga, Marvin L. & Miller, Douglas, 2001. "Price Cycles and Asymmetric Price Transmission in the U.S. Pork Market," Staff General Research Papers Archive 10414, Iowa State University, Department of Economics.
    2. Jean-Paul Chavas & Aashish Mehta, 2004. "Price Dynamics in a Vertical Sector: The Case of Butter," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 86(4), pages 1078-1093.
    3. Douglas J. Miller & Marvin L. Hayenga, 2001. "Price Cycles and Asymmetric Price Transmission in the U.S. Pork Market," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 83(3), pages 551-562.
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    1. Mutuc, Maria & Pan, Suwen & Hudson, Darren, 2011. "Response of Cotton to Oil Price Shocks," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 12(2).
    2. Rifin, Amzul, 2009. "Price Linkage between International Price of Crude Palm Oil (CPO) and Cooking Oil Price in Indonesia," 2009 Conference, August 16-22, 2009, Beijing, China 50828, International Association of Agricultural Economists.

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