Estimates of structural relationships for the world's rubber market with particular emphasis on Thailand's natural rubber industry

Vol. 8 NO. 2 Page 173 - 188

http://kasetsartjournal.ku.ac.th/kuj_files/2010/A1009011508402812.pdf

อังกฤษ

E21-อุตสาหกรรมเกษตร

E70-การค้า/การตลาด

Natural rubber industry;Rubber market;Rubber prices;Consumption;Production;Imports;Exports;Stocks

This paper presents a simultaneous equation model of the world’s rubber market which depicts the behavioral relationships among rubber prices, consumption, production, imports, exports and stocks on the global level with special emphasis on Thailand's role. This framework provides a basis for calculation of elasticities, and impact and dynamic multipliers analysis based on simulation results.

[1] Sontachai Suwanakul (Mississippi State University, Mississippi (USA). Faculty of Economics)
[2] Wailes, Eric J. (University of Arkansas, Arkansas (USA). Faculty of Agricltural Economics and Rural Sociology)