Mutuc, Maria Erlinda M.; Pan, Suwen; Hudson, Darren - Southern Agricultural Economics Association - SAEA - 2010
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...