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 econometrics lit...
| Main Authors: | , |
|---|---|
| Format: | Policy Research Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2012
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2005/03/5650313/co-movement-between-cotton-polyester-prices http://hdl.handle.net/10986/8870 |
| id |
okr-10986-8870 |
|---|---|
| recordtype |
oai_dc |
| spelling |
okr-10986-88702021-04-23T14:02:42Z The Co-Movement Between Cotton and Polyester Prices Baffes, John Gohou, Gaston ACRYLIC AGRICULTURAL PRICES AGRICULTURE BARRIERS TO ENTRY BUDGET DEFICITS CARBON CLOTHING COCOA COCONUT COCONUT OIL COFFEE COMMODITY PRICES COMPETITIVE ADVANTAGES CONTRACTUAL ARRANGEMENTS COTTON COTTON PRICES COTTON PRODUCTION CPI DEVELOPMENT ECONOMICS ECONOMETRIC ANALYSIS ECONOMETRICS ECONOMIC DYNAMICS EQUILIBRIUM EXCHANGE RATES EXPENDITURES EXPORTS FAO FIBERS FISHER EFFECT FUTURE RESEARCH INEFFICIENCY INFLATION INORGANIC FIBERS INTEREST RATES JUTE MAIZE MARKET ANALYSIS MARKET INTEGRATION MARKETING MEAL NATURAL FIBERS NYLON OIL OIL PRICES PALM OIL POLITICAL ECONOMY POLYESTER PRESENT VALUE PRICE CHANGES PRICE INCREASES PRODUCE PRODUCERS PURCHASING PURCHASING POWER RAYON RICE SILK SISAL SORGHUM SOYBEAN SOYBEAN OIL STATISTICAL ANALYSIS SUBSTITUTES SUGAR SYNTHETIC FIBRES TEA TEXTILES TIME SERIES TRADE POLICIES WAGES WHEAT WOOL 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. 2012-06-22T20:42:35Z 2012-06-22T20:42:35Z 2005-03 http://documents.worldbank.org/curated/en/2005/03/5650313/co-movement-between-cotton-polyester-prices http://hdl.handle.net/10986/8870 English Policy Research Working Paper; No. 3534 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACRYLIC AGRICULTURAL PRICES AGRICULTURE BARRIERS TO ENTRY BUDGET DEFICITS CARBON CLOTHING COCOA COCONUT COCONUT OIL COFFEE COMMODITY PRICES COMPETITIVE ADVANTAGES CONTRACTUAL ARRANGEMENTS COTTON COTTON PRICES COTTON PRODUCTION CPI DEVELOPMENT ECONOMICS ECONOMETRIC ANALYSIS ECONOMETRICS ECONOMIC DYNAMICS EQUILIBRIUM EXCHANGE RATES EXPENDITURES EXPORTS FAO FIBERS FISHER EFFECT FUTURE RESEARCH INEFFICIENCY INFLATION INORGANIC FIBERS INTEREST RATES JUTE MAIZE MARKET ANALYSIS MARKET INTEGRATION MARKETING MEAL NATURAL FIBERS NYLON OIL OIL PRICES PALM OIL POLITICAL ECONOMY POLYESTER PRESENT VALUE PRICE CHANGES PRICE INCREASES PRODUCE PRODUCERS PURCHASING PURCHASING POWER RAYON RICE SILK SISAL SORGHUM SOYBEAN SOYBEAN OIL STATISTICAL ANALYSIS SUBSTITUTES SUGAR SYNTHETIC FIBRES TEA TEXTILES TIME SERIES TRADE POLICIES WAGES WHEAT WOOL |
| spellingShingle |
ACRYLIC AGRICULTURAL PRICES AGRICULTURE BARRIERS TO ENTRY BUDGET DEFICITS CARBON CLOTHING COCOA COCONUT COCONUT OIL COFFEE COMMODITY PRICES COMPETITIVE ADVANTAGES CONTRACTUAL ARRANGEMENTS COTTON COTTON PRICES COTTON PRODUCTION CPI DEVELOPMENT ECONOMICS ECONOMETRIC ANALYSIS ECONOMETRICS ECONOMIC DYNAMICS EQUILIBRIUM EXCHANGE RATES EXPENDITURES EXPORTS FAO FIBERS FISHER EFFECT FUTURE RESEARCH INEFFICIENCY INFLATION INORGANIC FIBERS INTEREST RATES JUTE MAIZE MARKET ANALYSIS MARKET INTEGRATION MARKETING MEAL NATURAL FIBERS NYLON OIL OIL PRICES PALM OIL POLITICAL ECONOMY POLYESTER PRESENT VALUE PRICE CHANGES PRICE INCREASES PRODUCE PRODUCERS PURCHASING PURCHASING POWER RAYON RICE SILK SISAL SORGHUM SOYBEAN SOYBEAN OIL STATISTICAL ANALYSIS SUBSTITUTES SUGAR SYNTHETIC FIBRES TEA TEXTILES TIME SERIES TRADE POLICIES WAGES WHEAT WOOL Baffes, John Gohou, Gaston The Co-Movement Between Cotton and Polyester Prices |
| relation |
Policy Research Working Paper; No. 3534 |
| description |
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. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Baffes, John Gohou, Gaston |
| author_facet |
Baffes, John Gohou, Gaston |
| author_sort |
Baffes, John |
| title |
The Co-Movement Between Cotton and Polyester Prices |
| title_short |
The Co-Movement Between Cotton and Polyester Prices |
| title_full |
The Co-Movement Between Cotton and Polyester Prices |
| title_fullStr |
The Co-Movement Between Cotton and Polyester Prices |
| title_full_unstemmed |
The Co-Movement Between Cotton and Polyester Prices |
| title_sort |
co-movement between cotton and polyester prices |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2005/03/5650313/co-movement-between-cotton-polyester-prices http://hdl.handle.net/10986/8870 |
| _version_ |
1764407039271895040 |