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Demand Elasticity for China's Major Imported Agriculture Textile Material Based on Restricted Version of Source Differentiated Almost Ideal Demand System Model

Demand Elasticity for China's Major Imported Agriculture Textile Material Based on Restricted Version of Source Differentiated Almost Ideal Demand System Model
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摘要 By comparing China's import of major imported agriculture textile material( cotton and wool),the characteristics of import are concluded. On this basis,a restricted version of source differentiated almost ideal demand system( RSDAIDS) is used to estimate the income and price elasticity of major imported agriculture textile material from the major sources based on the data from 1992 to 2015. The results are shown as follows.( 1) Although the dependency on imported cotton is lower than wool, the fluctuation of cotton import is much more drastic; China's demand for cotton is relatively price elastic with higher expenditure elasticity compared with wool; besides,the existence of complementarity is proved between imported cotton and wool.( 2) According to the import elasticity of cotton,demand for cotton imported from India shows priority over cotton from other sources; demand for cotton imported from America is the most price-sensitive one; substitution among cotton from different sources is weak.( 3) According to the import elasticity of wool,wool imported from Uruguay has bright market prospects. In addition,wool imported from Australia has irreplaceable advantage than that from New Zealand. By comparing China's import of major imported agriculture textile material( cotton and wool),the characteristics of import are concluded. On this basis,a restricted version of source differentiated almost ideal demand system( RSDAIDS) is used to estimate the income and price elasticity of major imported agriculture textile material from the major sources based on the data from 1992 to 2015. The results are shown as follows.( 1) Although the dependency on imported cotton is lower than wool, the fluctuation of cotton import is much more drastic; China's demand for cotton is relatively price elastic with higher expenditure elasticity compared with wool; besides,the existence of complementarity is proved between imported cotton and wool.( 2) According to the import elasticity of cotton,demand for cotton imported from India shows priority over cotton from other sources; demand for cotton imported from America is the most price-sensitive one; substitution among cotton from different sources is weak.( 3) According to the import elasticity of wool,wool imported from Uruguay has bright market prospects. In addition,wool imported from Australia has irreplaceable advantage than that from New Zealand.
作者 田聪颖 肖海峰 TIAN Congying;XIAO Haifeng(College of Economics and Management,China Agricultural University,Beijing 100083,China)
出处 《Journal of Donghua University(English Edition)》 EI CAS 2018年第4期326-332,共7页 东华大学学报(英文版)
基金 Industrial Research of National Wool and Csahmere Industry Technology System,China(No.CARS-40-20)
关键词 AGRICULTURE TEXTILE MATERIAL retricted VERSION of sourcedifferentiated almost ideal demand system (RSDA1DS) MODEL importdemand estimation agriculture textile material retricted version of sourcedifferentiated almost ideal demand system (RSDA1DS) model importdemand estimation
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