Response of Cotton to Oil Price Shocks

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 cotton prices can be attributed to shocks to global demand for industrial commodities while none can be traced to oil supply shocks.


Issue Date:
2010
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/56425
Total Pages:
17
JEL Codes:
Q11; Q41
Series Statement:
Selected Paper




 Record created 2017-04-01, last modified 2017-04-26

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