The Determinants of Production and Export of Natural Rubber in India

Abstract

This study examined the factors that influence agricultural production and exports with specific reference to the natural rubber in India. Secondary data was used for this study. Ordinary Least Squares (OLS) technique was used in analyzing the relevant data. The OLS findings revealed that natural rubber production is significantly (p<0.05) by export of natural rubber (β=0.05), stock (β=0.21) and domestic price (β=0.21). For export of natural rubber, the OLS shows that stock of natural rubber (β=0.29), world market price (β=15.96), domestic price (β=-18.47) and world population (β=88.37) significantly (p<0.05) influence in export of natural rubber. It is recommended that there should be value addition in respect of natural rubber being exported.