World Fibers Demand

Kenneth Clements and Yihui Lan

Journal of Agricultural and Applied Economics, 2001, vol. 33, issue 1, 1-23

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.

Date: 2001
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Journal Article: WORLD FIBERS DEMAND (2001)
Working Paper: World Fibres Demand (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:cup:jagaec:v:33:y:2001:i:01:p:1-23_02

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