Juyoung Lee,Cheryl Farr and Jan Hathcote
Comparative Analysis of Apparel Import by Fiber Content: The Case of the United States and Japan
The present study investigated the difference in U.S. and Japanese apparel import demand, driven by fiber content specific to each market and revealed overall characteristics of the corresponding import market. Based on demand theory (Deaton & Mullebaur, 1980), this research (1) calculated price and income elasticities to identify characteristics of U.S. and Japanese apparel import markets by fiber content, and (2) compared differences in the price and income elasticities of apparel imports based on fiber contents in both markets using analysis of variance (ANOVA).
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