Import demand response of MFA apparel/nonapparel fibers and cottons in the United States: a case study of China and Hong Kong

Lau, Chi Keung Marco; To, Kin Man; Zhang, Zhiming

doi:10.1080/14786410802364267

Cited by 2 publications

(2 citation statements)

References 26 publications

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“…These findings are not surprising since Lau et al [30] apply the Endogenous Break Augmented Dickey-Fuller test of Zivot and Andrews [31], to trace the date on which the structural break of the series would take place in response to shock, like the abolition of MFA quotas. The break date in year 2000 was detected, and it took approximately 1.6-6.5 months for the repercussion of the shock to diminish to half of its initial impulse.…”

Section: Long-run Import Demand Functionmentioning

confidence: 88%

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Export Conditions of the Chinese Textile Industry: An Analysis in Comparison with Selected ASEAN Countries

Lau

Bilgin

2010

Textile Research Journal

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This paper provides a comprehensive\ud and disaggregated set of elasticity estimates, to\ud date, in the face of MFA abolishment. The estimates\ud made here are at a detailed level of disaggregation\ud and should provide researchers with\ud opportunities for future analysis. We used the\ud gravity model to estimate the trade elasticity of\ud China?s apparel cottons in the US market for the\ud period between 1989 and 2009. From the gravity\ud model, two phenomena are observed. First, there\ud exists a unique long-run equilibrium relationship\ud among the import quantity demand, the import\ud price and the US GDP per capita. Second, import\ud price and income elasticity are significant with the\ud expected signs, conditions of which are significant\ud for performing trade?policy analyses

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Section: Long-run Import Demand Functionmentioning

confidence: 88%

“…Lau et al [30] document the export performance of MFA fibers mainly in cottons exported from mainland China and Hong Kong, to the US during 1989-2005. The authors use the cointegration and error correction approach to investigate whether long-run relationships among variables exist.…”

Section: Trade Elasticitiesmentioning

confidence: 99%

Export Conditions of the Chinese Textile Industry: An Analysis in Comparison with Selected ASEAN Countries

Lau

Bilgin

2010

Textile Research Journal

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Effects of trade cost on the textile and apparel market: evidence from Asian countries

Chen

Lau

Baldry

et al. 2016

The Journal of The Textile Institute

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Global textile and apparel industry has since the 1950s been subjected to various forms of trade policy measures. Well noted among these are tariffs and non-tariff barriers/policy indicators. Understanding the dynamics in such relevant policy indicators and the implications they yield for trade is a vital step towards informing relevant policy formulation and agribusiness investment decisions. With the textile and apparel industry being the primary grounds on which development in most Asian countries is founded, we for the first time in literature assess effects of various trade cost indicators on global textile and apparel imports from 37 Asian countries using a "cost-incorporated" gravity model for the period 1988-2004. Estimates from this study affirm theory-based associations between trade, distance, cultural linkage, tariffs, and non-tariffs barriers. We however discovered quite interesting associations regarding effects of tariff increments and existence of non-tariff barriers. Although both are primarily imposed/instilled to restrict trade flow, effect of tariff increments was consistently negative across all models, but that for non-tariff barriers was consistently positive, although significant only in the case of apparel imports. Plausible reasons behind the implications for tariffs and non-tariff barriers are elaborated on in this article. A keen discovery from this study however, is that imports of apparels are more responsive than textile imports to dynamics in various trade related cost, geographic and economic indicators. JEL Classifications: E30, F10, O10, P20

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Import demand response of MFA apparel/nonapparel fibers and cottons in the United States: a case study of China and Hong Kong

Cited by 2 publications

References 26 publications

Export Conditions of the Chinese Textile Industry: An Analysis in Comparison with Selected ASEAN Countries

Export Conditions of the Chinese Textile Industry: An Analysis in Comparison with Selected ASEAN Countries

Effects of trade cost on the textile and apparel market: evidence from Asian countries

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