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

บทคัดย่อ

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.