Abstract
An annual econometric model, reflecting price competition between natural and synthetic rubber, is used to project world production, consumption, and prices in 1985. With an 8% annual growth rate in petroleum prices, the real price of natural rubber is projected to double from its 1977 level, even if rates of economic growth in consuming countries average only half of those during 1960-76. The impact of higher-priced petroleum on the cost of synthetic rubber accounts for 29% of this increase. The results suggest that exporters can expect a substantial increase in the real value of their exports.-Authors
| Original language | English (US) |
|---|---|
| Pages (from-to) | 82-93 |
| Number of pages | 12 |
| Journal | Malayan Economic Review |
| Volume | 25 |
| Issue number | 1 |
| State | Published - 1980 |
All Science Journal Classification (ASJC) codes
- General Environmental Science
- General Earth and Planetary Sciences
