Response of Cotton to Oil Price Shocks

This paper shows that the response of cotton prices in the U.S. to fluctuations in oil prices in the international market may differ greatly depending on whether the increase is driven by demand or supply shocks in the crude oil market. In the long-run, around 3 percent of the variability in cotton prices can be attributed to shocks to global demand for industrial commodities while none can be traced to oil supply shocks.

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Year of publication:	2010
Authors:	Mutuc, Maria Erlinda M. ; Pan, Suwen ; Hudson, Darren
Institutions:	Southern Agricultural Economics Association - SAEA
Subject:	cotton \| oil price \| demand shocks \| supply shocks \| structural vector autoregression (SVAR) \| Agricultural and Food Policy \| Demand and Price Analysis

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Extent:	application/pdf
Series:	2010 Annual Meeting, February 6-9, 2010, Orlando, Florida.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2010 Annual Meeting, February 6-9, 2010, Orlando, Florida Number 56425
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008922447