An econometric model of world silk production, 1870-1914

Giovanni Federico

    Research output: Contribution to journalArticle

    Abstract

    The paper presents and estimates an econometric model of world silk production from 1870 to 1913, which takes into account the world demand and the supply of the three main exporters - Italy, China, and Japan. The demand curve increased as much as the income of the "core" countries did, and the performance of the producing countries was on the whole pretty good. Their supply increased as much as the demand, keeping real prices of silk stable while world trade trebled. Productivity increased in all three countries, but Japan ranked first by far, Italy second, and China trailed well behind the other two. These different performances account for the long-run changes in the respective market shares.

    Original languageEnglish (US)
    Pages (from-to)250-274
    Number of pages25
    JournalExplorations in Economic History
    Volume33
    Issue number2
    DOIs
    StatePublished - Jan 1 1996

    Fingerprint

    China
    Econometric models
    Italy
    Japan
    Market share
    Exporters
    Income
    Productivity
    Demand curve
    World trade

    ASJC Scopus subject areas

    • History
    • Economics and Econometrics

    Cite this

    An econometric model of world silk production, 1870-1914. / Federico, Giovanni.

    In: Explorations in Economic History, Vol. 33, No. 2, 01.01.1996, p. 250-274.

    Research output: Contribution to journalArticle

    Federico, Giovanni. / An econometric model of world silk production, 1870-1914. In: Explorations in Economic History. 1996 ; Vol. 33, No. 2. pp. 250-274.
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