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The co-movement between cotton and polyester prices / John Baffes, Gaston Gohou.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Baffes, John.
- Series:
- Policy research working papers ; 3534.
- World Bank e-Library.
- Policy research working paper ; 3534
- Language:
- English
- Subjects (All):
- Cotton fabrics--Prices.
- Cotton fabrics.
- Petroleum products--Prices.
- Petroleum products.
- Polyester industry--Prices.
- Polyester industry.
- Other Title:
- Policy research working paper vol. 3534
- Place of Publication:
- [Washington, D.C. : World Bank, 2005]
- System Details:
- data file
- Summary:
- "The authors examine the price linkages among polyester (the dominant chemical fiber), cotton (the dominant natural fiber), and crude oil (the dominant energy commodity), based on monthly data between 1980 and 2002. The modeling framework incorporates several aspects of the unit root econometrics literature. They find that: a) There is strong co-movement between cotton and polyester prices, well above the co-movement observed between these two prices and prices of other primary commodities. b) Crude oil prices have a stronger effect on polyester prices compared with cotton prices. c) Price shocks originating in the polyester market are transmitted at much higher speed to the cotton market than vice-versa. "--World Bank web site.
- Notes:
- Title from PDF file as viewed on 4/7/2005.
- Includes bibliographical references.
- Publisher Number:
- 10.1596/1813-9450-3534
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