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Structure of the FAPRI Cotton Model

Gary M. Adams, Robert E. Young


The Food and Agricultural Policy Research Institute (FAPRI) maintains a structural econometric model for the world cotton market. The model covers thirteen countries and regions with approximately 200 equations. The U.S. component incorporates relevant policy parameters into regional supply response equations. Demand equations are estimated for mill use and commercial stock holdings. For the U.S., the aggregate supply elasticity is 0.46 and aggregate demand has an own-price elasticity of -

Reprinted from Proceedings of the 1996 Beltwide Cotton Conferences pp. 77 - 78
©National Cotton Council, Memphis TN

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Document last modified Sunday, Dec 6 1998