Dynamic and Stochastic Structures of U.S. Cotton Exports and Mill Demand

Mohamadou L. Fadiga

Journal of Agribusiness, 2006, vol. 24, issue 01, 20

Abstract: This study employs a structural time-series method to model and estimate U.S. cotton exports and mill use. The results show that the stochastic process governing cotton export fluctuations is transitory, while the process pertaining to mill use has transitory, seasonal, and secular origins. The estimated structural relationships after accounting for the unobserved components indicate U.S. cotton exports respond directly to higher international price relative to domestic price of cotton, while mill use responds directly to U.S. textile output price and cotton-to-polyester price ratio. Exchange rate volatility and the U.S. Export Enhancement Program have no significant effect on cotton exports.

Keywords: Crop Production/Industries; International Relations/Trade; Production Economics; Productivity Analysis (search for similar items in EconPapers)
Date: 2006
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://ageconsearch.umn.edu/record/57698/files/JAB24one3.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:jloagb:57698

DOI: 10.22004/ag.econ.57698

Access Statistics for this article

More articles in Journal of Agribusiness from Agricultural Economics Association of Georgia Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().