ASARC Working Paper 2005/03 Market Integration in Wholesale Rice Markets in India
نویسندگان
چکیده
This paper tests for market integration in 55 wholesale rice markets in India using monthly data over the period January 1970 – December 1999. The technique of Gonzalez-Rivera and Helfand (2001) is used to identify common factors across various markets. It is discovered that market integration is far from complete in India and a major reason for this is the excessive interference in rice markets by government agencies. As a result it is hard for scarcity conditions in isolated markets to be picked up by markets with abundance in supply. A number of policy implications are also considered. All correspondence to: Prof. Raghbendra Jha, ASARC, Division of Economics, Research School of Pacific and Asian Studies, Australian National University, Canberra ACT 0200, Australia Phone: + 61 2 6125 2683 Fax: +61 2 6125 0443 Email: [email protected]
منابع مشابه
Market Integration in Wholesale Rice Markets in India
This paper tests for market integration in 55 wholesale rice markets in India using monthly data over the period January 1970 – December 1999. The technique of Gonzalez-Rivera and Helfand (2001) is used to identify common factors across various markets. It is discovered that market integration is far from complete in India and a major reason for this is the excessive interference in rice market...
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