Macdonald, Stephen; Pan, Suwen; Hudson, Darren; Tuan, … - In: Agricultural Economics 45 (2014) 4, pp. 513-524
The effect of a Chinese minimum wage increase on China's textile market as well as on the world cotton market is evaluated. Based on a Nonlinear Quadratic Almost Ideal Demand System (NQAIDS) model of China's textile demand, the results suggest that the income elasticity for textiles is around...
