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| Registros recuperados: 23 | |
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| MacDonald, Stephen; Meyer, Leslie A.; Somwaru, Agapi. |
| World cotton prices fell to nearly unprecedented levels during the 2001/02 marketing year, causing distress to cotton producers and exporters worldwide. In a number of developing countries highly dependent on cotton for export earnings or where cotton is the primary cash crop, this distress was particularly acute. Global trade barriers to cotton are widespread, leading to some concern about the relationship between these trade barriers and global welfare. In particular, with the Doha Development Agenda's negotiations underway, discussion about the impact of trade barriers on the cotton sectors of developing countries has become more intense. A static computable general equilibrium (CGE) model finds that removing cotton tariffs and other trade... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: International Relations/Trade. |
| Ano: 2003 |
URL: http://purl.umn.edu/21902 |
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| MacDonald, Stephen; Naik, Gopal; Landes, Rip. |
| The modern global textile industry requires cotton with strong and consistent fibers in order to produce high quality goods at the high speeds necessary to recover capital costs. The introduction of high volume instrument (HVI) measurement of cotton fiber quality has strengthened the link between cotton prices and attributes on world markets. The spread of genetically modified (GMO) cotton in India has driven India to the second ranked producer and exporter of cotton in the world. However, contamination and other quality problems are endemic to Indian cotton. Using a unique data set of Indian cotton prices and quality attributes from 5 Indian states, this study uses hedonic price modeling to demonstrate that the linkages between cotton quality and price... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Crop Production/Industries; Production Economics. |
| Ano: 2010 |
URL: http://purl.umn.edu/61854 |
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| MacDonald, Stephen; Meyer, Leslie A.. |
| A model of commodity futures contract basis was developed based on Working’s theory of the price of storage. An error-correction model was estimated for the basis for the InterContinental Exchange (ICE) #2 cotton contract maturing in December during 2000-08. The model was also extended to incorporate the impact of changes in market activity that evolved as financial markets and commodity price behavior underwent significant changes after 2005. The model captured the inversion of basis following the collapse of China’s crop in 2003, but the shock realized during 2008 may have been in part driven by one-time events not included in the model. Estimates from the error-correction model suggest an extended period for the return of basis to equilibrium,... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Basis; Futures markets; Cotton; Error-correction model; Agribusiness; Demand and Price Analysis; Marketing. |
| Ano: 2009 |
URL: http://purl.umn.edu/49269 |
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| Isengildina-Massa, Olga; MacDonald, Stephen. |
| The purpose of this study was to analyze structural changes that took place in the cotton industry in recent years and develop a statistical model that reflects the current drivers of U.S. cotton prices. Legislative changes authorized the U.S. Department of Agriculture to resume publishing cotton price forecasts for the first time in 79 years. In addition, systematic problems have become apparent in the forecasting models used by USDA and elsewhere, highlighting the need for an updated review of price relationships. This study concluded that a structural break in the U.S. cotton industry occurred in 1999, and that world cotton supply has become an important determinant of U.S. cotton prices. China’s trade and production policy also continues to be an... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Forecasting; Cotton; Price; Demand; Trade; Structural change; Farm programs.; Demand and Price Analysis; Q100; Q110; Q130. |
| Ano: 2009 |
URL: http://purl.umn.edu/49324 |
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| Registros recuperados: 23 | |
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