Import demand response of MFA apparel/nonapparel fibers and cottons in the United States: a case study of China and Hong Kong

Lau, Chi Keung, To, Chester Kin-Man and Zhang, Zhi-Ming (2010) Import demand response of MFA apparel/nonapparel fibers and cottons in the United States: a case study of China and Hong Kong. Journal of the Textile Institute, 101 (3). pp. 223-235. ISSN 0040-5000

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Abstract

This paper documents the export performance of multifiber agreement fibers mainly of cottons exported from Mainland China and Hong Kong to the United States during 1989–2005. The authors used the cointegration and error correction approach to investigate whether long-running relationships among variables exist. The empirical results suggest that a unique long-run relationship exists among import price and quantity, real income per capita, and trade liberalization. The short-run dynamics of export demand functions were estimated using an error correction model in which the error correction term was found correctly signed. The empirical results provide insights into private and government agencies that are actively engaged in the business.

Item Type:	Article
Uncontrolled Keywords:	US, Hong Kong, MFA, apparel and nonapparel fibers and cottons, import demand function, elasticity, cointegration
Subjects:	L100 Economics N100 Business studies
Department:	Faculties > Business and Law > Newcastle Business School
Depositing User:	Chi Keung Lau
Date Deposited:	30 Sep 2013 10:30
Last Modified:	19 Nov 2019 09:53
URI:	http://nrl.northumbria.ac.uk/id/eprint/13587

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