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The Impact of Fuel Prices on the Important Production Centers of Thailand
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Author(s)
Other Contributor(s)
University of the Thai Chamber of Commerce. Graduate School
Publisher(s)
University of the Thai Chamber of Commerce
Date Issued
2002
Resource Type
Text::Thesis::Master thesis
Language
English
Abstract
This research is based on the impact of fuel prices on the important production centers in Thailand. The study covers production costs in 16 branches, such as agriculture, mines, food, textiles, paper and printing, rubber, chemicals and petroleum, non-metal products, metal, metal products and machines, including other industries such as public facilities, construction, commerce, transportation and communication,services and do forth. When fuel prices were increase 1%, it affected the production prices of consumption, investment and import and export. Five types of fuel are considered, namely gasoline, diesel, paraffin, liquid petroleum and fuel oil. The researcher collected information from 2532-2541 B.E. from various official Thai documents and overseas sources. The was quantitative and descriptive. The objectives of this research are: 1. to design a model based on economic dimensions of consumption, investment and import and export, using fuel prices as a factor in the research. 2. to analysis many aspect, such as consumption, investment and import/export quantities of the impact on production coats a 1% increase in fuel prices of 16 production branches. The result found that: 1. In the case of a 1% increase in gasoline prices, the impact was largely on transportation and communication branch and secondarily on the commercial branch. 2. In the case of a 1% increase in diesel prices, the impact was largely on transportation and communication branch and secondarily on the agricultural branch. 3. In the case of a 1%increase in paraffin prices, the impact was largely on rubber,chemicals and petroleum branches and secondarily on the commercial branch. 4. In the case of a 1% increase in liquid petroleum prices, the impact was largely on the service branch and secondarily on the commercial branch. 5. In the case of a 1% increase in fuel oil prices, the impact was largely on public facilities and secondarily on food branch. Based on the impact on each production branch, both the direct effect on its own production branch and the indirect impact on the relevant productions, the impact analysis would apply to both the public and private sectors. The public sector should, therefore, be aware of the seriousness of the impact on each production branch and be prepared to counter the effect from a rather limited budget. Furthermore, the private sector, or the entrepreneur in fuel prices and prepare guidelines to protect from or minimize the seriousness of this event and simply wait for government assistance.
Subject(s)
Degree Level
masters
Degree Department
School of Economics
Degree Grantor
University of the Thai Chamber of Commerce
Access Rights
Open access
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This work is protected by copyright. Reproduction or distribution of the work in any format is prohibited without written permission of the copyright owner.
Rights Holder
University of the Thai Chamber of Commerce
Bibliographic Citation
Komsan Khongpensuk (2002) The Impact of Fuel Prices on the Important Production Centers of Thailand.
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