MacDonald, Stephen; Pan, Suwen; Hudson, Darren; Tuan, … - Agricultural and Applied Economics Association - AAEA - 2011
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 0.6 in China, and that apparel is less price responsive than home …
