e-ISSN 2231-8542
ISSN 1511-3701

Home / Regular Issue / JTAS Vol. 11 (3) Dec. 1988 / PERT-0513-1988


Malaysian Natural Rubber Market Model

Mohammed Bin Yusof

Pertanika Journal of Tropical Agricultural Science, Volume 11, Issue 3, December 1988

Keywords: Natural rubber; model; simulations..

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This study is an attempt to formulate a simultaneous equations model of the Malaysian natural rubber market. The regression results suggest that the model is quite satisfactory in terms of correct signs, high R2, and significance of variables concerned. A simulation exercise was done to ascertain the adequacy of the model in tracking the actual values. It was found that, in general, the model has the ability to trace, at least, the directions of the movements of certain selected endogenous variables. The model developed here could be used to forecast the effect of a change in an endogenous variable, such as export duty, exchange rates, or recession on endogenous variables.

ISSN 1511-3701

e-ISSN 2231-8542

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