A Simulation Model of the World Rice Economy With Special Reference to Thailand

dc.contributor.author Sarkar, Hiren
dc.date 2018-02-13T12:48:42.000
dc.date.accessioned 2020-06-30T01:58:29Z
dc.date.available 2020-06-30T01:58:29Z
dc.date.embargo 2013-06-25
dc.date.issued 1978-08-01
dc.description.abstract <p>Computer simulation provides a useful tool to investigate alternative economic scenarios. In the present study, an attempt has been made to simulate a rice trade model with special reference to Thailand. An aggregative model is used in which the world is divided into two groups: (a) exporters and (b) importers. It is assumed that the importing group operates under constraints of resource restrictions and population pressure. Hence, there is very little opportunity for production adjustment. The exporting group is considered to have considerable surplus production capacity and is price responsive. Thailand is treated as a member of the exporting group, and a submodel for Thailand has been constructed with linkages to the main model. A set of structural equations is estimated and used to construct a recursive simulation model. Short period predictions of variables such as trade and export prices are made. A simple stochastic version of the simulation model also is formulated and used for prediction purposes. For Thailand, a number of policies are analyzed within the framework of a simulation experiment. A package program of the simulation method also is provided for convenience.</p>
dc.identifier archive/lib.dr.iastate.edu/dae-card_sectoranalysis/13/
dc.identifier.articleid 1013
dc.identifier.contextkey 4257125
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath dae-card_sectoranalysis/13
dc.identifier.uri https://dr.lib.iastate.edu/handle/20.500.12876/20413
dc.relation.ispartofseries DAE-CARD Sector Analysis Series
dc.source.bitstream archive/lib.dr.iastate.edu/dae-card_sectoranalysis/13/S562_T5_T5_n14.pdf|||Fri Jan 14 19:35:14 UTC 2022
dc.subject.disciplines Agribusiness
dc.subject.disciplines Agricultural and Resource Economics
dc.subject.disciplines Agricultural Economics
dc.subject.disciplines Asian Studies
dc.subject.disciplines International Economics
dc.title A Simulation Model of the World Rice Economy With Special Reference to Thailand
dc.type article
dc.type.genre article
dspace.entity.type Publication
relation.isSeriesOfPublication aaf2aa78-3302-476b-bd6b-44074f21e530
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