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A model of the world wool textile market

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Show simple item record Scott, W. G. 2010-12-14T00:24:49Z 2010-12-14T00:24:49Z 1974
dc.description.abstract The thesis investigates world demand for wool and wool textiles over the period 1953 - 1967. A deterministic process model comprising a series of eight linear equations and three identities traces demand from the consumer through all intermediate stages to demand for raw wool at the mill level. The variables exogenous to the system were national income, population, percentage annual change in world imports and exports, and wool and synthetic prices. The model was used to forecast mill consumption of raw wool from 1968 - 1980. Results indicated that if wool becomes more expensive than synthetics, mill consumption of raw wool could stagnate or even decline. A higher annual percentage increase in world trade is seen to induce higher levels of mill consumption of raw wool, all other things being equal. The conclusion reached from this study is that wool must be marketed as an industrial fibre rather than as a traditional agricultural commodity if competition from synthetics is to be met effectively. en
dc.language.iso en en
dc.publisher Lincoln College, University of Canterbury en
dc.subject wool industry en
dc.subject mill consumption en
dc.subject wool textile market en
dc.subject competition en
dc.subject demand en
dc.subject modelling en
dc.subject forecasting en
dc.subject marketing en
dc.title A model of the world wool textile market en
dc.type Thesis en University of Canterbury en Masters en Master of Agricultural Science en
lu.thesis.supervisor Philpott, B. P.
lu.thesis.supervisor McCarthy, W. O.
lu.contributor.unit Department of Accounting, Economics and Finance en
dc.rights.accessRights Digital thesis can be viewed by current staff and students of Lincoln University only. Print copy available for reading in Lincoln University Library. May be available through inter-library loan. en
dc.subject.anzsrc 140303 Economic Models and Forecasting en
dc.subject.anzsrc 140201 Agricultural Economics en

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