An Analysis of Thai Rice Model.

Abstract

The objectives of this study are to construct a Thai rice model and to investigate the effect of the increase in rice export of Thailand’s major competitors. Time-series data over the period 1970-1990 were employed in the analysis. The results of the study showed that when there was an increase in rice export of Thailand’s major competitors by 0.06 percent, the planted area, yield, domestic rice consumption and Thai rice export would change insignificantly by -0.11, -0.05, +0.16 and -0.16 percent respectively. But wholesale prices, farm gate prices and export prices would change significantly by -0.77, -0.74 and -0.96 percent respectively.