scholarly journals Price flexibility of world market for cocoa beans

2009 ◽  
Vol 57 (6) ◽  
pp. 267-274 ◽  
Author(s):  
Pavel Syrovátka
Keyword(s):  
World Market ◽  
Price Model ◽  
Cocoa Beans ◽  
Dynamic Price ◽  
Time Period ◽  
The World ◽  
Price Flexibility ◽  
Current Price ◽  
Log Linear

The article is focused on the quantitative analysis of the price flexibility of the world market for the cocoa beans. The ICCO databases from 1960/1961 to 2005/2006 crop years were used for this analysis. In the investigated time period, the analysis of the price flexibility was based on the autoregressive form of the price model with the log-linear construction: lnpt = 2.6824 − 0.4041 × lnstgt + 0.8301 × lnpt−1 + ut. The values of the parameters of the autoregressive price model were estimated using OLS. The developed model was statistically significant in all evaluated respects (F-test, T-tests and Durbin’s h-test). Within the analysis of the world market for the cocoa beans, the current, dynamic, long-term and long-equilibrium coefficients of price flexibility were evaluated. According to applied log-linear construction of the autoregressive price model, the level of the current price flexibility of the world market for the cocoa beans was −0.4041, the dynamic price flexibility of the first order achieved the value of −0.3354 and the long-equilibrium price flexibility of the world market for the cocoa beans takes the value of −2.3784.

scholarly journals Models of price development on world market for cocoa beans

2008 ◽  
Vol 56 (3) ◽  
pp. 201-210 ◽  
Author(s):  
Pavel Syrovátka ◽  
Samuel A. Darkwah
Keyword(s):  
Error Correction ◽  
Linear Form ◽  
World Market ◽  
Error Correction Model ◽  
Point Of View ◽  
Price Model ◽  
Cocoa Beans ◽  
Correction Model ◽  
World Price ◽  
The World

This paper is focused on the modelling and simulating the development of the price of cocoa beans on the world market. The developed models were based on the dependence of the level of the world price of cocoa beans on the world stock to grindings ratio of the beans in the last crop year. The ICCO databases from 1960/1961 to 2005/2006 crop years were used for the estimation of the parameters in the investigated forms of the price model. The linear and logarithmic-linear categories of the price models were studied in this paper. Within the linear forms of the price models; the single linear construction and the linear construction with dummy time variable were specified and tested. Within the logarithmic-linear category of the price models; the error correction model and autoregressive model were examined. From the point of view of statistical verification and from the low value of deviation of the simulated world price of cocoa beans for the 2005/2006 period from the actual price level of price for this crop period, the logarithmic-linear form of model with the error correction achieved the best results. Acceptable results were also obtained by means of the modified price model with the error correction component. By using the logarithmic-linear form of error correction model, the world price of the cocoa beans for the crop period 2006/2007 will achieve the following value 1047 SDR · t−1.Under the modified error correction model, the level of the world price will be 1050 SDR · t−1.

DAYA SAING EKSPOR KARET ALAM TIGA NEGARA ITRC (INDONESIA, THAILAND, MALAYSIA) DI PASAR INTERNASIONAL PERIODE 1994-2018

2020 ◽  
Vol 4 (1) ◽  
pp. 81-87
Author(s):  
Shinta Dwi Ardanari ◽  
Rynalto Mukiwihando
Keyword(s):  
Natural Rubber ◽  
Analytical Method ◽  
International Market ◽  
World Market ◽  
Competitive Advantages ◽  
Market Demand ◽  
Export Share ◽  
Intense Competition ◽  
Time Period ◽  
The World

ABSTRACTShare of Indonesia's export value of natural rubber in the international market is almost always below Thailand, which is one of the competiting countries. The others countries began to become a threat to Indonesia because their exports share of natural rubber showed an increasing. This indicates that there is intense competition in the international market. As a country with the largest plantation area in the world, Indonesia should be superior. But this can be an opportunity to be able to compete in the world market so it is important to be managed more deeply so that it can create competitive advantages that can increase competitiveness. This study aims to determine the position of the competitiveness of natural rubber exports for the three countries of ITRC in the international market. The analytical method used is dynamic RCA. The results showed that all products of natural rubber coded HS 400110, 400121, 400122, 400129 and 400130 were experiencing a decline in growth in the export share of the three countries of ITRC : Indonesia, Thailand and Malaysia, but the market demand conditions for these products were declining in that time period.

The Relationship between China's Export-led Growth and Its Double Transition of Demographic Change and Industrialization

2011 ◽  
Vol 10 (2) ◽  
pp. 52-76 ◽  
Author(s):  
Yang Yao
Keyword(s):  
Structural Change ◽  
Demographic Transition ◽  
Slow Growth ◽  
World Market ◽  
Domestic Consumption ◽  
Time Period ◽  
Double Transition ◽  
The World ◽  
New Thinking ◽  
The Relationship

China's export-led growth is rooted in China's double transition of demographic transition and structural change from industrialization. Accession to the WTO has allowed China to fully integrate into the world system and capture the gains of its comparative advantage in abundant labor supply. Structural change has a dampening effect on the Balassa–Samuelson effect so as to sustain China's competiveness in the world market. The double transition will take 10 to 15 years to finish; in this time period, China will likely continue its fast export-led growth. Along the way, export-led growth has also created serious structural imbalances highlighted by underutilized savings, slow growth of residential income and domestic consumption, and a heavy reliance on investment. This linkage requires new thinking when global imbalances are to be tackled.

scholarly journals Competitiveness analysis of Czech agrarian foreign trade in the context of world agrarian market and agrarian trade of EU-27 countries

2010 ◽  
Vol 58 (6) ◽  
pp. 503-514
Author(s):  
Miroslav Svatoš ◽  
Luboš Smutka
Keyword(s):  
World Market ◽  
View Point ◽  
Eu Countries ◽  
Bcg Matrix ◽  
The World ◽  
Comparative Advantages ◽  
Two Stages ◽  
Balassa Index ◽  
The Eu

This paper analyses the commodity structure of Czech (CR) agrarian trade in relation to the EU countries. An emphasis is put on comparative advantages of particular aggregations from the view-point of their application on the EU internal market. This analysis is based on an evaluation of comparative advantages by means of a modified Balassa index. It is studied in two stages, for the internal EU market and the world market. The analysis results are then shown in a graph. Subsequently, the authors implement an idea arising from a BCG matrix on the results of the graphic presentation. The aim is to identify those aggregations (SITC, rev. 3) which are or have a potential to be a pillar of agri-business (ie, the “cash cows” and “stars”), and vice versa to show the aggregation which are non-prospective in the long term or problematic (ie, the “dogs” and “problem children”). As start are identified as those aggregations which are characterised by the highest growth rate of comparative advantage value. From the analysis results, changes are apparent if we compare the CR trade commodity structure in relation to the EU countries. Findings also concern the development of comparative advantages and following CR specialisation on trade with certain aggregations.

Supply and Demand in the World Market of Mineral Fertilizers: Major Factors, Tendencies and Forecasts

2015 ◽  
Vol 4 (3) ◽  
pp. 54-58
Author(s):  
Гендон ◽  
A. Gendon
Keyword(s):  
Supply And Demand ◽  
World Market ◽  
Mineral Fertilizers ◽  
Short Term ◽  
Steady Growth ◽  
The World ◽  
World Demand ◽  
Major Factors

In article the main attractive fundamental characteristics determining the steady growth of world demand for mineral fertilizers in the long term are considered. However it is defined that such factors define need for fertilizers, but not solvent demand, and in the short term in all segments of branch excess of the offer over demand that can lead to reduction of prices of fertilizers, and also to decline in yield of mining and chemical business will be observed.

STRATEGIC PLANNING OF SCIENTIFIC AND TECHNOLOGICAL DEVELOPMENT IN THE PEOPLE’S REPUBLIC OF CHINA

2020 ◽  
Vol 10 (8) ◽  
pp. 1465-1476
Author(s):  
K.N. Andrianov ◽  
◽  
Y.V. Popkov ◽  
A.K. Markov ◽  
E.E. Mozhaev ◽  
...  
Keyword(s):  
Strategic Planning ◽  
Technology Development ◽  
Technological Development ◽  
World Market ◽  
High Tech ◽  
Innovative Development ◽  
The World ◽  
Market Management ◽  
Scientific And Technological Development

In this article, the authors analyze the experience of strategic planning for the scientific and technological development of the PRC. It is concluded that: largely due to effective strategic planning, over the past 15 years, the PRC has multiplied its economic potential and has become one of the most powerful countries in the world. The achievements of the PRC in the development of advanced technologies are especially impressive. The PRC has managed to create from scratch high-tech export-oriented sectors of the economy that are competitive in the world market. The characteristic features of the Chinese scientific and technological development management system are revealed: a clear definition of priority areas of scientific and technological development, concentrating efforts on a limited number of areas of science and technology development that are important for increasing the competitiveness of the national economy; planning manages scientific and technological development, the main one envisaging environmental achievement of long-term and moment of short-term goals, development and certain implementation of such long-term integrated marine programs, software R&D and innovative development; government stimulation of effective cooperation between science, education and business in ensuring the entire innovation cycle - from fundamental research to the introduction of developments in production, for the development of high-tech sectors; the use of a significant part of export earnings for the acquisition of modern equipment technologies; strict regulation of foreign investments in order to direct them to the sectors of new and high technologies; a harmonious combination of planning and market management methods in the development of small innovative business. Particular attention is paid to the consideration of the main elements of the state scientific and technological policy of the PRC. In addition, the authors conduct a detailed analysis of the main documents of the strategic planning of the PRC in the field of innovative development.

scholarly journals Impact of the economic crisis and contractions within the European long-term care systems

2021 ◽  
pp. 1-17
Author(s):  
Esther Albesa Jové
Keyword(s):  
Economic Crisis ◽  
Financial Crises ◽  
Long Term Care ◽  
Term Care ◽  
Development Level ◽  
Time Period ◽  
The World ◽  
Care Systems ◽  
The Impact

Abstract In 2008, the world underwent one of its worst economic and financial crises, whose consequences are still visible in some countries. This paper aims to analyse the impact of the crisis within the long-term care systems of Germany, England, Sweden and Spain from a comparative perspective. The time period analysed spans from the outset of the crisis in 2008, up to 2017. This article starts off from the thesis of the divergent impact of the economic crisis in these countries and the convergence between the impact of the crisis and long-term care contractions in the most afflicted countries. The outcome highlights the power of economic and financial pressures in order to explain the contractions within the care policies. Equally, it emphasizes the contradictions between the formal development level of the care systems and their practical institutional implementation in the field.

scholarly journals Price-supply flexibility of wheat market in the Czech Republic

2013 ◽  
Vol 61 (4) ◽  
pp. 1145-1151
Author(s):  
Pavel Syrovátka
Keyword(s):  
Commodity Market ◽  
Supply Function ◽  
The Czech Republic ◽  
Dynamic Price ◽  
Wheat Market ◽  
Definition Of ◽  
Log Linear ◽  
The Given ◽  
Supply Flexibility

The paper explores of the price-supply flexibility of the Czech commodity market for food quality wheat in the period 1995–2011. For this analysis, inversion definition of the supply function was applied. The model of the inverse supply function in the Czech wheat market was based on the double log-linear construction. The parameters of the given supply model were estimated using OLS-HAC method. The developed regression model of the supply function was statistically tested. Ordinary and dynamic price flexibility of the wheat supply on the Czech commodity market was determined in relation to the parameters of the developed econometric model. In accordance with the estimations, the ordinary price-supply flexibility achieved +0.3492% and the dynamic price-supply flexibility of the first order was –0.2210%. Within the interpretation of both estimated coefficients of the price-supply flexibility, the multi-factor nature of the commodity supply function must be respected. Moreover, it is important to distinguish the short-term and long-term period within the evaluation of the price-supply flexibility.

International Cotton Study Group

1962 ◽  
Vol 16 (1) ◽  
pp. 262-262 ◽  
Keyword(s):  
United States ◽  
Advisory Committee ◽  
Annual Report ◽  
World Market ◽  
Study Group ◽  
Standing Committee ◽  
Plenary Meeting ◽  
The World ◽  
Executive Secretary

The twentieth plenary meeting of the International Cotton Advisory Committee (ICAC), Which was held in Tokyo from May 10 through 23, 1961, was attended by delegates from 34 member states and from nineteen nonmember countries. Mr. E. D. White, chairman of the Standing Committee, commented in presenting its annual report that 1960–1961 had been a good year for cotton, with production at a new high and consumption well sustained. The cotton surplus of former years had been reduced to more manageable proportions, he added, with the result that in many cases prices had become more favorable for producers. He stressed the importance of keeping under study factors that might influence the long-term prospects of cotton. The Executive Secretary of the Committee, Mr. Robert Evans, noted in his annual report that there had not been any agreements to stabilize cotton prices and markets for a number of years. While United States stabilization of its own markets and prices had done much to stabilize those of the rest of the world, it could also be argued that changes in United States policy had upset the world market.

scholarly journals MODEL PENAWARAN DAN PERMINTAAN MINYAK KELAPA SAWIT INDONESIA DI PASAR INTERNASIONAL

2020 ◽  
Vol 35 (3) ◽  
pp. 119-128
Author(s):  
Tia Sofiani Napitupulu ◽  
Djaimi B Akce ◽  
Almasdi Syahza ◽  
Brilliant Asmit ◽  
Syaiful Hadi
Keyword(s):  
Palm Oil ◽  
Time Series Data ◽  
Supply And Demand ◽  
Coconut Oil ◽  
Oil Prices ◽  
World Market ◽  
Least Square ◽  
Series Data ◽  
The World

ABSTRACT   Indonesia is the leading producer of palm oil in the world. In 2016 Indonesia and Malaysia produced 81% of the world's palm oil. This study aims to analyze the response of the supply and demand for Indonesian palm oil in the world market. This study used time-series data from 1980-2016. The model built is an econometric model, simultaneous equations. To answer the research objectives, the data were analyzed using the Two Stages Least Square (2SLS) method. The main finding of this study is that in the short term, there are no responsive variables. In the long term, the variable that is responsive to the supply of Indonesian palm oil is the lag area of Indonesian palm oil. In the Malaysian palm oil supply equation, the response variable is the lag area of Malaysian palm oil. In terms of domestic demand for Indonesian palm oil, there are no responsive variables both in the short and long term. In the equation of demand for Malaysian palm oil, the responsive variables are the price of Malaysian palm oil and the price of Malaysian coconut oil. In the international demand for palm oil, the responsive variables are the increase in world palm oil prices, world palm oil prices, 2-year lag in world palm oil prices, and GDP per capita Pakistan. In terms of price, the responsive variable affecting the price of Indonesian palm oil is the world price of palm oil.

Sign in / Sign up

Export Citation Format

Share Document