ISSN 2394-5125
 

Research Article 


THE RUBBER PRICE STRUCTURE OF THAILAND AND IMPULSE RESPONSE TO WORLD PRICE SHOCK

Apinya Wanaset, Chalermpon Jatuporn.

Abstract
The objectives of this research were to: 1) study market structure and price structure of rubber in different levels of Thailand, and 2) study the responses of domestic prices to the fluctuation of the world market price. The inferential statistic was employed to detect the long-run equilibrium and causal relationship among the variables. The impulse response function was considered to forecast future shocks. The data used for this research were monthly time series over the period of 2001 to 2019. The results showed that 1) rubber market structure that the stakeholders are in upstream, midstream, and downstream levels. There are many upstream farmers with lower bargaining power than midstream levels (e.g. middleman, central market, and collector). In the downstream level, there is usually the most bargaining power but has no bargaining power in the world market. 2) The responses of domestic prices to the world market prices in rubber markets that the price in different levels responds to the fluctuation of the world market in the same direction using 4-4.5 months before return to the equilibrium. This means that when the world market price changes, it causes domestic price changes as well 3) The factors affecting price and price structure of rubber that are demand and supply, future market, market structure, information, oil price, exchange rate, and government policy.

Key words: Price Analysis, Cointegration, Granger Causality


 
ARTICLE TOOLS
Abstract
PDF Fulltext
How to cite this articleHow to cite this article
Citation Tools
Related Records
 Articles by Apinya Wanaset
Articles by Chalermpon Jatuporn
on Google
on Google Scholar


How to Cite this Article
Pubmed Style

Apinya Wanaset, Chalermpon Jatuporn. THE RUBBER PRICE STRUCTURE OF THAILAND AND IMPULSE RESPONSE TO WORLD PRICE SHOCK. JCR. 2020; 7(19): 4429-4437. doi:10.31838/jcr.07.19.520


Web Style

Apinya Wanaset, Chalermpon Jatuporn. THE RUBBER PRICE STRUCTURE OF THAILAND AND IMPULSE RESPONSE TO WORLD PRICE SHOCK. http://www.jcreview.com/?mno=127662 [Access: September 15, 2020]. doi:10.31838/jcr.07.19.520


AMA (American Medical Association) Style

Apinya Wanaset, Chalermpon Jatuporn. THE RUBBER PRICE STRUCTURE OF THAILAND AND IMPULSE RESPONSE TO WORLD PRICE SHOCK. JCR. 2020; 7(19): 4429-4437. doi:10.31838/jcr.07.19.520



Vancouver/ICMJE Style

Apinya Wanaset, Chalermpon Jatuporn. THE RUBBER PRICE STRUCTURE OF THAILAND AND IMPULSE RESPONSE TO WORLD PRICE SHOCK. JCR. (2020), [cited September 15, 2020]; 7(19): 4429-4437. doi:10.31838/jcr.07.19.520



Harvard Style

Apinya Wanaset, Chalermpon Jatuporn (2020) THE RUBBER PRICE STRUCTURE OF THAILAND AND IMPULSE RESPONSE TO WORLD PRICE SHOCK. JCR, 7 (19), 4429-4437. doi:10.31838/jcr.07.19.520



Turabian Style

Apinya Wanaset, Chalermpon Jatuporn. 2020. THE RUBBER PRICE STRUCTURE OF THAILAND AND IMPULSE RESPONSE TO WORLD PRICE SHOCK. Journal of Critical Reviews, 7 (19), 4429-4437. doi:10.31838/jcr.07.19.520



Chicago Style

Apinya Wanaset, Chalermpon Jatuporn. "THE RUBBER PRICE STRUCTURE OF THAILAND AND IMPULSE RESPONSE TO WORLD PRICE SHOCK." Journal of Critical Reviews 7 (2020), 4429-4437. doi:10.31838/jcr.07.19.520



MLA (The Modern Language Association) Style

Apinya Wanaset, Chalermpon Jatuporn. "THE RUBBER PRICE STRUCTURE OF THAILAND AND IMPULSE RESPONSE TO WORLD PRICE SHOCK." Journal of Critical Reviews 7.19 (2020), 4429-4437. Print. doi:10.31838/jcr.07.19.520



APA (American Psychological Association) Style

Apinya Wanaset, Chalermpon Jatuporn (2020) THE RUBBER PRICE STRUCTURE OF THAILAND AND IMPULSE RESPONSE TO WORLD PRICE SHOCK. Journal of Critical Reviews, 7 (19), 4429-4437. doi:10.31838/jcr.07.19.520