Market Responses to Climate Stress: Rice in Java in the 1930s
AbstractDo markets in less-developed countries abate consequences of climate stress? Rainfall is an important factor in rice production in Indonesia. This paper uses changes in regional rice prices across the 19 residencies in less-developed Java to assess how rice markets responded to variations in rainfall during 1935-1940. It finds that rice markets were highly integrated across Java. The El Niño-induced episodes of lower than usual rainfall in 1935 and 1940 did not have a negative effect on levels and variations in regional rice prices, nor did they have adverse consequences for the supply of rice. Adaptive responses of firms specialising in the trade of rice are likely to have mitigated regional deficiencies in food production caused by climate stress.
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Bibliographic InfoPaper provided by Australian National University, College of Business and Economics, School of Economics in its series ANU Working Papers in Economics and Econometrics with number 2009-509.
Length: 23 Pages
Date of creation: Dec 2009
Date of revision:
Other versions of this item:
- Pierre vanderEng, 2010. "Market Responses To Climate Stress: Rice In Java In The 1930s," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 50(1), pages 62-79, 03.
- N55 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - Asia including Middle East
- O13 - Economic Development, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
- Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness
- Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters
This paper has been announced in the following NEP Reports:
- NEP-AGR-2009-12-19 (Agricultural Economics)
- NEP-ALL-2009-12-19 (All new papers)
- NEP-ENE-2009-12-19 (Energy Economics)
- NEP-ENV-2009-12-19 (Environmental Economics)
- NEP-HIS-2009-12-19 (Business, Economic & Financial History)
- NEP-SEA-2009-12-19 (South East Asia)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Van Zanden, Jan Luiten, 2004. "On the Efficiency of Markets for Agricultural Products: Rice Prices and Capital Markets in Java, 1823 1853," The Journal of Economic History, Cambridge University Press, vol. 64(04), pages 1028-1055, December.
- Peter H. Lindert, 2000. "Shifting Ground: The Changing Agricultural Soils of China and Indonesia," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262122278, June.
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