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This paper examines (i) whether the government interventions in the forms of border protection and as price support have weakened the integrations of domestic cotton markets of China, Brazil and Turkey with the world cotton market and (ii) how a weak cointegration of a domestic market with international market affects the world cotton trade. We address the first question by estimating price and exchange rates transmission elasticities using an error correction model and the second question by conducting a partial equilibrium model. Results indicate that the estimated elasticities are significantly smaller than unitary, which suggests that the cointegration is weak and the law of one price (LOP) does not hold. Furthermore, when cointegration is weak, exchange rate movements have lower impact on exports, imports and prices than they do in the case of strong cointegration.

Intro -- COTTON MARKET AND TRADE ISSUES FOR THE U.S. AND CHINA -- COTTON MARKET AND TRADE ISSUES FOR THE U.S. AND CHINA -- CONTENTS -- PREFACE -- Chapter 1 FIBER USE FOR TEXTILES AND CHINA'S COTTON TEXTILE EXPORTS -- ABSTRACT -- ACKNOWLEDGMENTS -- INTRODUCTION -- ESTIMATING COTTON MILL-USE EQUIVALENTS OF TEXTILE PRODUCTS -- FIBER REUSE AND ITS EFFECTS ON CONSUMPTION ESTIMATES -- RECYCLING AND REUSE OF TEXTILE WASTE -- FIBER BLENDS -- TRENDS IN CHINA'S TEXTILE INDUSTRY WASTE -- REVISED ESTIMATES OF TEXTILE TRADE IN COTTON MILL-USE EQUIVALENTS -- FACTORS AFFECTING CHINA'S TEXTILE TRADE -- CONCLUSION -- REFERENCES -- Chapter 2 CHINA'S COTTON SUPPLY AND DEMAND: ISSUES AND IMPACT ON THE WORLD MARKET -- ABSTRACT -- ACKNOWLEDGMENTS -- INTRODUCTION -- ESTIMATING THE FIBER-EQUIVALENCE OF TEXTILE TRADE -- DOMESTIC DEMAND FOR COTTON TEXTILES IN CHINA -- Estimated Cotton End-Use, 1999-2004 -- COMPARING CHINA'S END-USE WITH OTHER COUNTRIES' -- FORECASTING CHINA'S DOMESTIC COTTON TEXTILE CONSUMPTION -- TRENDS IN CHINA'S TEXTILE TRADE -- CONCLUSIONS AND IMPLICATIONS -- APPENDIX: CALCULATING FIBER-EQUIVALENTS -- REFERENCES -- Chapter 3 U.S. COTTON PRICES AND THE WORLD COTTON MARKET: FORECASTING AND STRUCTURAL CHANGE -- ABSTRACT -- ACKNOWLEDGMENTS -- SUMMARY -- What Is the Issue? -- What Did the Study Find? -- How Was the Study Conducted? -- INTRODUCTION -- DATA -- COTTON PRICE MODEL -- Theoretical Model -- Empirical Analysis -- STRUCTURAL CHANGE TEST -- ESTIMATION RESULTS -- CONCLUSIONS AND IMPLICATIONS -- REFERENCES -- End Notes -- Chapter 4 TRENDS IN U.S. COTTON BASIS SINCE 2001 -- ABSTRACT -- ACKNOWLEDGMENTS -- INTRODUCTION -- DATA AND METHODS -- RESULTS AND DISCUSSION -- CONCLUSIONS -- REFERENCES -- End Notes -- Chapter 5 BRAZIL'S WTO CASE AGAINST THE U.S. COTTON PROGRAM -- SUMMARY -- OVERVIEW -- Report Phases

Cover title. ; "June 1990"--P. iii. ; Includes bibliographical references (p. 47-48). ; Mode of access: Internet.

"Editorials from the 'Union guide' of Houston, Texas, 1911-12." ; Mode of access: Internet.

WHAT IS LATENT DEMAND AND THE P.I.E.?The concept of latent demand is rather subtle. The term latent typically refers to something that is dormant, not observable, or not yet realized. Demand is the notion of an economic quantity that a target population or market requires under different assumptions of price, quality, and distribution, among other factors. Latent demand, therefore, is commonly defined by economists as the industry earnings of a market when that market becomes accessible and attractive to serve by competing firms. It is a measure, therefore, of potential industry earnin

At head of title: 85th Congress, 1st session, committee print. ; Mode of access: Internet.