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World Fibers Demand

Опубликовано на портале: 21-11-2003
Journal of Agricultural and Applied Economics. 2001.  Vol. 33. No. 1.
This paper analyses the world demand for fibers using the system-wide approach with three dimensions—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.

журнала "Journal of Agricultural and Applied Economics":