WORLD FIBERS DEMAND

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.


Issue Date:
2001-04
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/15298
Published in:
Journal of Agricultural and Applied Economics, Volume 33, Number 1
Page range:
1-23
Total Pages:
23




 Record created 2017-04-01, last modified 2017-08-23

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