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Type: Journal article
Title: Market integration between surplus and deficit rice markets during global food crisis period
Author: Akhter, S.
Citation: The Australian Journal of Agricultural and Resource Economics, 2016; 61(1):172-188
Publisher: Australian Agricultural and Resource Economics Society
Issue Date: 2016
ISSN: 1364-985X
Statement of
Sabiha Akhter
Abstract: 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.
Keywords: Global food crisis; market co-integration; price transmission; public policies; rice price
Rights: © 2016 Australian Agricultural and Resource Economics Society Inc.
DOI: 10.1111/1467-8489.12150
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Appears in Collections:Aurora harvest 8
Global Food Studies publications

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