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An Analysis of the Iranian Textile Products Demand in the World Market
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Abstract: (13056 Views) |
| Promoting non-oil exports is one of major and principal goals of economic development of Iran. Textile industry with its high financial turnover and its labor intensive technology is an ancient industry in the world that has been suitable to rely on for advancement of exportation. So, knowing about the textile demand and its elasticity in order to gain foreign exchange and economic growth seems to be a matter of great importance. So this paper uses seemingly unrelated regressions econometric method to estimate the almost ideal demand system model to determine the demand for the textile products export (in three groups of leather, wool and cotton and their products). This paper aims to obtain demand and elasticity of textile products for the period of 1992 to 2010 then it will test the hypothesis of structural stability of model's coefficients for a predicted period (2011-2015) via simulation of model variables on basis of different decreasing price scenarios. Results show that decrease of prices lead to lack of structural stability in model coefficients and would change the long run expenditure shares of world's demand in textile products exportation. |
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| Keywords: Structural Stability of Coefficient, Almost Ideal Demand System, Iranian Textile. |
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Full-Text [PDF 346 kb]
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Type of Study: Research |
Subject:
Special
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