An Economic Analysis of Thailand's Cephalopod Export Market
This study attempts to provide information and evaluation of factors affecting the Thai export market of cephalopod to Japan. This was accomplished by estimating simultaneous export demand and supply equations using quarterly data from 1975 through 1983. The commodities are grouped into two, i.e...
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| Main Author: | |
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| Format: | Thesis |
| Language: | English English |
| Published: |
1986
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| Subjects: | |
| Online Access: | http://psasir.upm.edu.my/id/eprint/8005/1/FEP_1986_3_.pdf |
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| Summary: | This study attempts to provide information and evaluation of
factors affecting the Thai export market of cephalopod to Japan.
This was accomplished by estimating simultaneous export demand and
supply equations using quarterly data from 1975 through 1983. The
commodities are grouped into two, i.e. cephalopod salted in brine
dried and cephalopod fresh, chilled and frozen. Export supply is
explained by weighted average export price of cephalopod, lagged
export quantity of cephalopod, and dummy variables while export
demand is hypothesized to be a function of cephalopod weighted
average export price, lagged weighted average export price, price
of substitute good, Japanese's real income and dummy variables. A
log linear form was selected as the function to be estimated. The
estimation procedure is three stage least squares.The results for salted cephalopod indicate that supply and
demand for export is price elastic while demand is income elastic.
In the case of fresh cephalopod both export demand and supply are
price inelastic while demand is also income elastic. Cross price
elasticities of demand as compensated to substitution products
(shrimps, prawns and lobsters) are found to be highly inelastic.
The results also indicate that Japanese's real income has the
strongest effect on both salted and fresh cephalopod demand. The
seasonal effect is found to be insignificant. |
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