Market Integration in Wholesale Rice Markets in India
AbstractThis 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.
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Bibliographic InfoPaper provided by The Australian National University, Australia South Asia Research Centre in its series ASARC Working Papers with number 2005-03.
Date of creation: 2005
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This paper has been announced in the following NEP Reports:
- NEP-AGR-2005-06-25 (Agricultural Economics)
- NEP-ALL-2005-06-20 (All new papers)
- NEP-CWA-2005-06-19 (Central & Western Asia)
- NEP-INT-2005-06-21 (International Trade)
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