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World Fibers Demand

Published online by Cambridge University Press:  28 April 2015

Kenneth W. Clements  and
Yihui Lan
Kenneth W. Clements
Affiliation:
Economic Research Centre, Department of Economics, The University of Western Australia
Yihui Lan
Affiliation:
Economic Research Centre, Department of Economics, The University of Western Australia
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Abstract

This paper analyses the world demand for fibers using the system-wide approach with three dimensions—product × space × 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.

Keywords

demand systemsfibers demandinternational consumption comparisons
Type
Articles
Information
Journal of Agricultural and Applied Economics , Volume 33 , Issue 1 , April 2001 , pp. 1 - 23
Copyright
Copyright © Southern Agricultural Economics Association 2001

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