A Model of the World Wool Market

George Verikios

Research output: Working paperDiscussion paper

8 Downloads (Pure)

Abstract

This paper presents the theoretical and empirical structure of WOOLMOD – a model of the world wool market which treats raw wool and wool products as heterogeneous commodities. The model divides the world wool market into ten geographical regions and production in each region amongst eight major industrial sectors, each representing a different stage of the wool market. The industrial sectors cover the full spectrum of activities from raw wool production to retail garment production. The usefulness of WOOLMOD is demonstrated via an illustrative application: analysing the short-run effects of two to three years worth of total factor productivity growth in the Australian sheep industry – the world’s largest single producer and exporter of raw wool.
Original languageEnglish
PublisherUWA Business School
Publication statusPublished - 2004

Publication series

NameEconomics Discussion Papers
No.24
Volume4

Fingerprint

Dive into the research topics of 'A Model of the World Wool Market'. Together they form a unique fingerprint.

Cite this