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An Econometric Model of the World Tin Economy, 1948-1961
Meghnad Desai
Abstract
The problem of price stabilization of primary commodities is dealt with here in the context of one commodity--tin. An attempt has been made to construct and estimate an econometric model with main emphasis on the forces that determine the demand for tin. Under the assumption that the forces which determine demand are beyond the control of any international commodity agreement, the model is simulated to determine policies which will soften the impact of changing demand on the producers of tin. The tools and policies suggested are in keeping with the powers of the existing International Tin Agreement.
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