Hostname: page-component-7f64f4797f-6fdxz Total loading time: 0 Render date: 2025-11-04T09:02:19.506Z Has data issue: false hasContentIssue false
  • English
  • Français

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
Get access Rights & Permissions [Opens in a new window]

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

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Article purchase

Temporarily unavailable

References

Batten, D.S., and Belongia, M.T.. “The Recent Decline in Agricultural Exports: Is the Exchange Rate the Culprit?” Fed. Res. Bank of St. Louis Review, 66, 8 (1984):5–14.Google Scholar
Blakely, L.V.. “Quantitative Relationship in the Cotton Economy with Implications for Economic Policy.” Technical Bulletin T-93, Oklahoma State University, 1962.Google Scholar
Cathcart, W.E., and Donald, J.R.. “Analysis of Factors Affecting U.S. Cotton.Exports.” U.S. Department of Agriculture, Economic Research Service, Agricultural Economic Report No. 70, May 1966.Google Scholar
Collins, K.J.. “The Effects of Selected Supply and Demand Factors on the U.S. Cotto. Market.” Unpublished Working Paper U.S. Department of Agriculture, Economic Research Service, 1980.Google Scholar
Green, R.C., and Price, J.M.. “Short-Run Price Elasticities Obtained from FAPSIM-1986 Base Year.” Unpublished working paper U.S.Department of Agriculture, Economic Research Service, 1984.Google Scholar
International Cotton Advisory Committee. World Cotton Statistics. Various issues.Google Scholar
International Monetary Fund. International Financial Statistics. Various issues.Google Scholar
Johnson, P.R.. “The Elasticity of Foreign Demand for U.S. Agricultural.Products.” Amer. J. Agr. Econ., 59, 4 (1977):735–736.CrossRefGoogle Scholar
Liu, K., and Roningen, V. O.. “The World Grain-Oilseeds-Livestock (GOL) Model, A Simplified Version.” U.S. Department of Agriculture, Economic Research Service, Staff Report No. AGES850128, Feb. 1985.Google Scholar
Ruppel, F.J.. “Export Sales and Export Shipment of Corn, Wheat and Soybeans: Institutional Relationships and Empirical Estimation.” Unpublished Ph.D. dissertation, University of Maryland, Dec. 1984.Google Scholar
Ruppel, F.J. “Agricultural Commodity Export Data: Sales and Shipments Contrasted.” J. Agr. Econ. Research, 39,2 (1987):22–38.Google Scholar
U.S. Department of Agriculture, Economic Research Service. Cotton and Wool: Situation and Outlook Report. Various issues.Google Scholar
U.S. Department of Agriculture, Economic Research Service.Agricultural Outlook. Various issues.Google Scholar
U.S. Department of Agriculture, Economic Research Service.. Foreign Agricultural Trade of the United States. Various issues.Google Scholar
U.S. Department of Agriculture, Foreign Agricultural Service. U.S. Export.Sales. Various issues.Google Scholar
U.S. Department of Commerce. Survey of Current Business. Various issues.Google Scholar
Wohlgenant, M.K.. “Impact of an Export Subsidy on the Domestic Cotton Industry.” Texas Agricultural Experiment Station, Bulletin B-1529, April 1986.Google Scholar