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An econometric model of the world rubber economy (Inglés)

An econometric model of the world market for natural rubber is presented. The behavioral equations of the model can be grouped into three major blocks: supply, demand for all elastomers, and demand for natural rubber. Individual supply equations were estimated for Malaysia, Indonesia, and Thailand, the three major rubber-producing countries. An additional equation captures the production of rubber in all other countries. The equations provide for...
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