Proceedings of the 2nd International Academic Conference on Blockchain, Information Technology and Smart Finance (ICBIS 2023)

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Rice Price Volatility of Expors Leaders in World Markets Using TGARCH Model

Authors
Kewalin Somboon1, Chonrada Nunti2, *, Varattaya Jangkrajarng3
1Faculty of Economics, Maejo University, Chiang Mai, Thailand
2Faculty of Economics, Chiang Mai University, Chiang Mai, Thailand
3Department of Management and Entrepreneurship, Faculty of Business Administration, Chiang Mai University, Chiang Mai, Thailand
*Corresponding author. Email: nuntichonrada@gmail.com
Corresponding Author
Chonrada Nunti
Available Online 10 August 2023.
DOI
10.2991/978-94-6463-198-2_5How to use a DOI?
Keywords
Price Volatility; Rice Price; Rice exports leaders; World markets
Abstract

This paper studies the price volatilities of rice regarding the world market leaders as Thailand, India, and Vietnam provided by the time-series data of the monthly rice export prices between 1998 – 2021. The study found that the most suitable model is the TGARCH model considered by the lowest AIC criteria. The results showed that Thailand has less price volatility than other countries when compared to India and Vietnam, but the volatility between them was only slightly different. Hence, in terms of being the world leader in rice exports competition, each government needs to provide a policy of accelerating rice quality development to compete for the global market share.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2nd International Academic Conference on Blockchain, Information Technology and Smart Finance (ICBIS 2023)
Series
Atlantis Highlights in Computer Sciences
Publication Date
10 August 2023
ISBN
10.2991/978-94-6463-198-2_5
ISSN
2589-4900
DOI
10.2991/978-94-6463-198-2_5How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Kewalin Somboon
AU  - Chonrada Nunti
AU  - Varattaya Jangkrajarng
PY  - 2023
DA  - 2023/08/10
TI  - Rice Price Volatility of Expors Leaders in World Markets Using TGARCH Model
BT  - Proceedings of the 2nd International Academic Conference on Blockchain, Information Technology and Smart Finance (ICBIS 2023)
PB  - Atlantis Press
SP  - 40
EP  - 48
SN  - 2589-4900
UR  - https://doi.org/10.2991/978-94-6463-198-2_5
DO  - 10.2991/978-94-6463-198-2_5
ID  - Somboon2023
ER  -