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An Analysis of Supply Response for Natural Rubber in Cambodia

Applied Economics Journal

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Title An Analysis of Supply Response for Natural Rubber in Cambodia
 
Creator Much, Samin
Tongpan, Sopin
Sirisupluxana, Prapinwadee
 
Description In this paper, a partial adjustment and adaptive expectation mechanism are applied to analyze the supply response of natural rubber in Cambodia. The planted area and average yield are set as the supply response. Data from 1990-2008 were used in the analysis. The factor that had the most positive influence on the supply was rubber prices followed by rainfall and lagged dependent variables. However, the supply negatively responded to prices of alternative crops. In terms of elasticities of rubber supply with respect to its own price, they were inelastic in the short run and elastic in the long run. The long-run supply elasticities were relatively greater than the short run by five to twenty times. That indicates rubber farmers adjust their production planning in the long run more frequently than in the short run.Keywords : natural rubber, supply response, CambodiaJEL Classification : C12, C22, C32, 024, Q11
 
Publisher The Center for Applied Economics Research (CAER)
 
Date 2013-07-25
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://tci-thaijo.org/index.php/AEJ/article/view/10429
 
Source Applied Economics Journal; Vol 18 No 1 (2011): June; 31-43
วารสารเศรษฐศาสตร์ประยุกต์; Vol 18 No 1 (2011): June; 31-43
2586-9132
2586-9124
 
Language eng
 
Relation https://tci-thaijo.org/index.php/AEJ/article/view/10429/9429
 
Rights Copyright (c) 2014 Applied Economics Journal
http://creativecommons.org/licenses/by-nc-nd/4.0