An Econometric Analysis of the Demand for Textile Fibers

Kenneth A. Lewis

American Journal of Agricultural Economics, 1972, vol. 54, issue 2, 238-244

Abstract: Dynamic demand equations for seven textile fibers were estimated (1920–1966) and simulated (1967–1970). Fiber demand has been price inelastic, helping to explain observed instability in fiber prices, where competitively, determined and the interest in price-support schemes. Significant (and dominant in cotton's case) substitution relationships existed between synthetic and other fibers.

Date: 1972
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:54:y:1972:i:2:p:238-244.

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