Analysis of Thai rubber price stabilization policies
| dc.contributor.advisor | Montree Socatiyanurak | |
| dc.contributor.author | Soyfa Sertkaew | |
| dc.date.accessioned | 2023-05-15T04:39:36Z | |
| dc.date.available | 2023-05-15T04:39:36Z | |
| dc.date.issued | 2019 | |
| dc.date.issuedBE | 2562 | th |
| dc.description | Thesis (D.P.A)--National Institute of Development Administration, 2019 | th |
| dc.description.abstract | This dissertation was aimed at 1) studying the process of Thai rubber price policies, 2) analyzing the efficiency of price policies on the Thai economic system, and 3) suggesting options for price policies affecting the efficiency of the economic system. The process of rubber price policies related to price stabilization from 1991 to 2017 was studied using a mixed method of research in order to analyze each policy process based on descriptive writing and to assess social welfare as a result of policy implementation. With respect to the development of rubber policies between 1991 and 2017, rubber policies are classified into three types: upstream policies, midstream policies and downstream policies. Policies have been developed in accordance with value chains. In the beginning, upstream policies, namely production policies that increase plantation area, increase productivity per rai, assist farmers and help domestic markets, were emphasized. Midstream and downstream policies were formulated when farmers could not sell their rubber at a reasonable price on the market. For example, processing plants were constructed to add value, research and development was increased, as was support of business operators and international cooperation, and promotion of local rubber use. Rubber policies can be categorized into three types – quantitative and qualitative production promotion, rubber production and sale control, which had different practices in each period, and then Thai rubber market intervention. The policy process can be classified into three processes, namely policy formulation, policy implementation and policy evaluation. Policy formulation involves the identification of problems, starting from individual problems concerning low price rubber sales. These problems became public problems for farmers across the country. This led to identification of options to solve short-term problems through price intervention, which provided clear results and was uncomplicated. Regarding policy implementation, it was found that factors leading to success include having easy implementation of the policies, monitoring and control of those policies caused by correct policy decisions, competency of the responsible agencies, and having the needed resources for policy implementation, the implementation process and the policy-related organizations. Based on policy evaluation, there are three policy impacts: on rubber farmers, on rubber prices and on rubber quantity bought by the project. These three impacts received few benefits from the policies, compared to the total amount, while the impacts from policy implementation, namely unexpected impacts, may encourage farmers to not produce rubber to meet market demand and instead continue expanding plantation area because that’s the usual support offered by the government to solve the price problem. In addition, there are two impacts on present and future conditions: due to farmers’ habits, farmers have not adapted themselves to competitive markets; and policy costs, which include budget and social welfare lost. Policy efficiency was considered in terms of social welfare. Five rubber price stabilization policies from 1992 to 2016 were studied. They include the Thai Rubber Market Intervention Scheme; Farmers’ Institute Supporting Project; Farmers’ Institute Potential Development Project; Buffer Product Project; and the Public Sector’s Rubber Utilization Promotion Project. Social welfare measurement was based on changes in the producer surplus and the consumer surplus compared to the budget and income from policy implementation. To measure producer surplus and consumer surplus, Thai rubber demand and supply models were produced using secondary information from 1987 to 2016. It was found that policy factors did not affect Thai rubber demand and supply. It could be stated that the price intervention policy did not affect Thai rubber markets. The consumer surplus decreased by 231.15529 billion baht because rubber was bought at higher prices than the market, while the producer surplus increased by 228.20244 billion baht because of rubber sold at higher prices than the market. The budget for policy implementation and operation loss amounted to 21.02061 billion baht. Thus, social welfare lost due to policy implementation for 24 years accounted for 23.973.47 billion baht, or 998.89 million baht per year. There are three recommended options for Thailand’s rubber price stabilization policies: 1) production policies that decrease plantation area and increase product quality (the plantation area increase promotion policy should not be adopted again despite higher rubber prices in the future), 2) Farmer Strengthening Support, to serve as a driving mechanism for managing price uncertainty and to add rubber value by providing knowledge, innovation and technology to farmers; and 3) a public role change - from the director to the operator, in particular regarding commercial policies through previous public mechanisms, this would include a role in supporting business operators and farmers to carry out their rubber business in accordance with market mechanisms and implement dynamic policies according to constantly changing global situations. | th |
| dc.format.extent | 150 leaves | th |
| dc.format.mimetype | application/pdf | th |
| dc.identifier.doi | 10.14457/NIDA.the.2019.129 | |
| dc.identifier.other | b207801 | th |
| dc.identifier.uri | https://repository.nida.ac.th/handle/662723737/6429 | |
| dc.language.iso | eng | th |
| dc.publisher | National Institute of Development Administration | th |
| dc.rights | ผลงานนี้เผยแพร่ภายใต้ สัญญาอนุญาตครีเอทีฟคอมมอนส์แบบ แสดงที่มา-ไม่ใช้เพื่อการค้า-ไม่ดัดแปลง 4.0 (CC BY-NC-ND 4.0) | th |
| dc.subject.other | Rubber -- Prices -- Thailand | th |
| dc.subject.other | Economic policy | th |
| dc.title | Analysis of Thai rubber price stabilization policies | th |
| dc.type | text--thesis--doctoral thesis | th |
| mods.genre | Dissertation | th |
| mods.physicalLocation | National Institute of Development Administration. Library and Information Center | th |
| thesis.degree.department | Graduate School of Public Administration | th |
| thesis.degree.grantor | National Institute of Development Administration | th |
| thesis.degree.level | Doctoral | th |
| thesis.degree.name | Doctor of Public Administration | th |