The Rice Economy of Thailand: Supply, Demand and Price

262 p.Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 2002.The third objective is to examine the rice consumption decisions of rice producing households through an agricultural household model, after recognizing the characteristics of rice households as both producers and consumers. The Cobb-Douglas production function is used for production decisions, while the linear expenditure system and the linear logarithmic expenditure system are the basis for consumption patterns. Results from the consumption models indicate the elasticity of rice consumption of rice households is -0.640. After integrating production and consumption behaviors, the integrated elasticity of rice consumption becomes 0.345. The analysis shows that an intervention in rice price causes increased marketed outputs, and a rise in household total expenditure.U of I OnlyRestricted to the U of I community idenfinitely during batch ingest of legacy ETD