Estimates of Structural Relationships for the World’s Rubber Market with Particular Emphasis on Thailand’s Natural Rubber Industry.

Authors

  • Sontachai Suwanakul Faculty of Economics, Mississippi State Univ.
  • Eric J. Wailes Faculty of Agricltural Economics and Rural Sociology, Univ. of Arkansas.

Abstract

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.

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Published

01-07-1987

How to Cite

Suwanakul, S., & Wailes, E. J. (1987). Estimates of Structural Relationships for the World’s Rubber Market with Particular Emphasis on Thailand’s Natural Rubber Industry. Kasetsart Journal of Social Sciences, 8(2), 173–188. Retrieved from https://so04.tci-thaijo.org/index.php/kjss/article/view/243841

Issue

Vol. 8 No. 2 (1987): July - December

Section

Research articles

License

This is an open access article under the CC BY-NC-ND license http://creativecommons.org/licenses/by-nc-nd/4.0/