【摘 要】
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This research paper attempted to investigate the relationship between real dynamic exchange rate,supply,demand and price effects of the Malaysian natural rubber market.The data used to conduct the mon
【机 构】
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Faculty of Accountancy & Management(FAM),Universiti Tunku Abdul Rahman(UTAR),Jalan Sungai Long,Banda
【出 处】
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华人学者营销协会,上海财经大学商学院,上海市市场学会
论文部分内容阅读
This research paper attempted to investigate the relationship between real dynamic exchange rate,supply,demand and price effects of the Malaysian natural rubber market.The data used to conduct the monthly market data from 1990-2015.The data were tested the Vector Auto Regression model(VAR)and Granger Causality test for estimating the relationship of the parameters.The results reveal that there is significant relationship between NR demand,price RSS1 and lag of the exchange rate; however,supply is not significant.This finding shows that the demand has positive relationship with exchange rate.It means that if exchange rate will appreciate,the demand will increase in the market.However,the exchange rate for RM per USD has negative relationship with the NR price,indicating that more RM would be paid for 1 USD when the exchange rate will depreciate.Moreover,Granger Causality results indicate that exist three unidirectional granger causalities.This study will also benefit for the investors who plan and involve in investment for NR market because they could be more understanding on the fluctuation or risk associated about in the NR market.
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