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Cotton Exports: Analysis of the Relationships between Sales and Shipments

Published online by Cambridge University Press:  28 April 2015

Elias T. Ayuk  and
Fred J. Ruppel
Elias T. Ayuk
Affiliation:
Department of Agricultural Economics, Texas A&M University
Fred J. Ruppel
Affiliation:
Department of Agricultural Economics, Texas A&M University
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Abstract

Relationships between cotton export sales and export shipments are examined, and a quarter-specific lag structure is estimated. Two econometric systems are estimated, one employing export shipments and the other using export sales. Results indicate that sales are more sensitive to changes in economic variables than shipments and that stocks net of outstanding export sales are more responsive to price and interest rate changes than gross stocks. Sales and shipments are different variables and cannot substitute for one another in econometric modelling. Use of export sales data should be considered in estimation of export demand and stock demand parameters.

Keywords

exports(export) salesinternational tradecottoncotton marketingstocksstock demand

Information

Type
Notes
Information
Journal of Agricultural and Applied Economics , Volume 20 , Issue 1 , July 1988 , pp. 159 - 169
Copyright
Copyright © Southern Agricultural Economics Association 1988

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