| Abstract: | By comparing China's import of major imported agriculture textile material( cotton and wool),the characteristics of import are concluded. On this basis,a restricted version of source differentiated almost ideal demand system( RSDAIDS) is used to estimate the income and price elasticity of major imported agriculture textile material from the major sources based on the data from 1992 to 2015. The results are shown as follows.( 1) Although the dependency on imported cotton is lower than wool, the fluctuation of cotton import is much more drastic; China's demand for cotton is relatively price elastic with higher expenditure elasticity compared with wool; besides,the existence of complementarity is proved between imported cotton and wool.( 2) According to the import elasticity of cotton,demand for cotton imported from India shows priority over cotton from other sources; demand for cotton imported from America is the most price-sensitive one; substitution among cotton from different sources is weak.( 3) According to the import elasticity of wool,wool imported from Uruguay has bright market prospects. In addition,wool imported from Australia has irreplaceable advantage than that from New Zealand. |
