Please use this identifier to cite or link to this item: https://hdl.handle.net/1959.11/16277
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dc.contributor.authorAmbarawati, I Gusti Agung Ayuen
dc.contributor.authorGriffith, Garryen
dc.contributor.authorPiggott, Ronalden
dc.date.accessioned2014-12-16T15:03:00Z
dc.date.created1995en
dc.date.issued1995en
dc.identifier.urihttps://hdl.handle.net/1959.11/16277en
dc.description.abstractThis study is concerned with the sources of Indonesian natural rubber price instability over the period 1966 to 1992. The main intention is to trace back the price instability into the pattern of supply and demand variability, as well as supply-demand interaction effects, using a decomposition procedure. An econometric model of the Indonesian natural rubber market is required prior to the decomposition analysis. This model is provided by, respectively, a structural model of the Indonesian natural rubber market, a full reduced form price equation and a directly estimated price equation. All these functions are estimated under linear and static conditions and the estimated price equations are decomposed into the necessary effects. One finding of this study is that there is very little response by the Indonesian natural rubber market to changes in the domestic natural rubber price, as shown by small values of the own-price elasticities of supply and demand. Further analysis indicates that the demand component is the dominant factor attributable to the Indonesian natural rubber price instability. The supply component and the supply/demand interaction effect are found to have lesser effects on the price instability. Within the demand component, the variance of the world natural rubber price is the main factor affecting the net intercept variance, indicating a strong relationship between the domestic price and the world price. The main policy implication of this study is the need to tailor the Indonesian natural rubber industry more to market requirements, which can be done in two ways. First, at the international level, policy attention can be focused on different marketing strategies, possibly to the newly industrialised countries in Asia. Paying more attention to a lesser quality rubber, such as crumb rubber, would seem to have good prospects since this type of rubber has shown an increasing demand from neighbouring countries. Second, at the domestic level, rubber-based products, would seem to have a promising future. Focusing more on these industries is likely to increase domestic demand for natural rubber. Finally, the Indonesian natural rubber market cannot be improved without government intervention, especially in the forms of cost-reducing and quality-improving research, especially for small-scale producers.en
dc.languageenen
dc.titleThe Contribution of Supply and Demand Components to the Instability of Indonesian Natural Rubber Priceen
dc.typeThesis Masters Researchen
dcterms.accessRightsUNE Greenen
local.contributor.firstnameI Gusti Agung Ayuen
local.contributor.firstnameGarryen
local.contributor.firstnameRonalden
dcterms.RightsStatementCopyright 1995 - I Gusti Agung Ayu Ambarawatien
dc.date.conferred1995en
local.thesis.degreelevelMasters researchen
local.thesis.degreenameMaster of Economicsen
local.contributor.grantorUniversity of New Englanden
local.profile.schoolUNE Business Schoolen
local.profile.emailggriffit@une.edu.auen
local.profile.emailrpiggot3@une.edu.auen
local.output.categoryT1en
local.record.placeauen
local.record.institutionUniversity of New Englanden
local.identifier.epublicationsrecordvtls008552108en
local.access.fulltextYesen
local.contributor.lastnameAmbarawatien
local.contributor.lastnameGriffithen
local.contributor.lastnamePiggotten
dc.identifier.staffune-id:ggriffiten
dc.identifier.staffune-id:rpiggot3en
local.profile.orcid0000-0002-5276-6222en
local.profile.roleauthoren
local.profile.rolesupervisoren
local.profile.rolesupervisoren
local.identifier.unepublicationidune:16514en
dc.identifier.academiclevelAcademicen
dc.identifier.academiclevelAcademicen
local.title.maintitleThe Contribution of Supply and Demand Components to the Instability of Indonesian Natural Rubber Priceen
local.output.categorydescriptionT1 Thesis - Masters Degree by Researchen
local.description.statisticsepubsVisitors: 187<br />Views: 190<br />Downloads: 8en
local.thesis.borndigitalnoen
local.search.authorAmbarawati, I Gusti Agung Ayuen
local.search.supervisorGriffith, Garryen
local.search.supervisorPiggott, Ronalden
local.open.fileurlhttps://rune.une.edu.au/web/retrieve/fc235cd5-fcb1-40b1-8826-24795356226cen
local.open.fileurlhttps://rune.une.edu.au/web/retrieve/3e34ba68-ef95-4745-a6a3-49e6f69b7457en
local.open.fileurlhttps://rune.une.edu.au/web/retrieve/e1b007a3-8f57-4cb5-9bde-8be1beb28b13en
local.uneassociationYesen
local.year.conferred1995en
local.fileurl.openhttps://rune.une.edu.au/web/retrieve/fc235cd5-fcb1-40b1-8826-24795356226cen
local.fileurl.openhttps://rune.une.edu.au/web/retrieve/e1b007a3-8f57-4cb5-9bde-8be1beb28b13en
local.fileurl.openhttps://rune.une.edu.au/web/retrieve/3e34ba68-ef95-4745-a6a3-49e6f69b7457en
Appears in Collections:Thesis Masters Research
UNE Business School
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