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The Influencing Factors on the Adjustment of Gold Bars Price in Thailand
Publisher(s)
University of the Thai Chamber of Commerce
Date Issued
2009
Author(s)
Other Contributor(s)
University of the Thai Chamber of Commerce. Graduate School
Abstract
It is known that the price of gold bars in Thailand has risen continuously since1999 comparing to that of the last decade. The significantly increase of gold bar priceshas now changed the style of gold trade from the past.Formerly, people purchased gold for decorative and savings purpose. However, atpresent people tends to change to their habit to purchase gold bars for investmentinstead. This is because investment in gold bars has less risk and has more return oninvestment than other types of investments; As a result, any studies or researches onfactors that affect the price of gold will help individuals and funds to plan theirinvestments more accurately.This study aims to examine the gold bar market structure in term of production,importation and pricing determination and also the influencing factors on the adjustmentof gold bars price in Thailand. To get the findings, the theory of demand and supply,theory of liquidity preference, monthly secondary data (from January 1999 to December2008) and model of “Autoregressive Conditional Heteroscedasticity (ARCH)”, which wasdeveloped by economists name Robert F. Engle (1982), were applied.
Subject(s)
Degree Level
masters
Degree Department
School of Economics
Degree Grantor
University of the Thai Chamber of Commerce
Access Rights
public
Rights
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(s)
University of the Thai Chamber of Commerce
Bibliographic Citation
Jatuporn Kongkaw (2009) The Influencing Factors on the Adjustment of Gold Bars Price in Thailand.
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Sep 27, 2023
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