The co-movement between cotton and polyester prices:

"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 econometri...

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Bibliographic Details
Main Author: Baffes, John (Author)
Format: Electronic eBook
Language:English
Published: [Washington, D.C] World Bank 2005
Series:Policy research working paper 3534
Subjects:
Online Access:Volltext
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
Item Description:Includes bibliographical references. - Title from PDF file as viewed on 4/7/2005
Erscheinungsjahr in Vorlageform:[2005]
Physical Description:1 Online-Ressource (29 Seiten)