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|Web of Science®
|Market integration between surplus and deficit rice markets during global food crisis period
|The Australian Journal of Agricultural and Resource Economics, 2016; 61(1):172-188
|Australian Agricultural and Resource Economics Society
|Applying the maximum-likelihood method of co-integration, this study analysed spatial market integration between an adjacent rice surplus market (India) and deﬁcit markets (Bangladesh and Nepal). The main focus is on the government policies of these three rice-producing countries which have been imposed to reduce domestic price volatilities in rice markets during the recent ‘global food crisis’ in 2007–2008. The co-integration tests ﬁnd that domestic rice prices of India, Bangladesh and Nepal are integrated both in short-run and long-run periods despite the imposition of export restriction policies by India. The reason that prices are transmitted so eﬀectively is most likely to be the widespread informal cross-border trade through the porous borders among India, Bangladesh and Nepal.
|Global food crisis; market co-integration; price transmission; public policies; rice price
|© 2016 Australian Agricultural and Resource Economics Society Inc.
|Appears in Collections:
|Aurora harvest 8
Global Food Studies publications
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