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Estimation Of Demand System In An Aids Model:The Opportunity For Exporting Thai Agricultural Products

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  • Waripas Jiumpanyarach

    (Chulalongkorn University)

Abstract

This paper reports the results of the estimation of Almost Ideal Demand System(AIDS) model is developed to estimate quantity respond based on price. Five major export agricultural products data from the office of Agricultural Economics, Thailand and Biofuel policy from the office of the National Economic and Social Development Broad were used. The AIDS model estimatesdemand of palm, cassava, and sugar are highly response to changed price. Rubber and rice has less response to the changed price. All of major agricultural products are affect expenditure of Thailand export. This result suggest that the opportunity for increasing supply of energy plants, which benefits to Thai farmer communities for expanding market share in energy plants in domestic and global market.

Suggested Citation

  • Waripas Jiumpanyarach, 2012. "Estimation Of Demand System In An Aids Model:The Opportunity For Exporting Thai Agricultural Products," European Journal of Business and Economics, Central Bohemia University, vol. 5(0), pages 63-671:5, September.
    • Handle: RePEc:aad:ejbejj:v:5:y:2012:i:0:p:63-67
    DOI: 10.12955/ejbe.v5i0.174
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    More about this item

    Keywords

    Agricultural ProductsAlmost Ideal Demand System (Aids); Biofuel Policy; Changed Price; Expenditure; Energy Plants;
    All these keywords.

    JEL classification:

    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness

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