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The Evolution of Rice Price Policies over Four Decades: Thailand, Indonesia and the Philippines

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  • Kei Kajisa
  • Takamasa Akiyama

Abstract

Using time series data over the past four decades, the 1960s to 1990s, this paper examines rice pricing policies in Thailand, Indonesia and the Philippines. It analyses the determinants of the paths along which these policies have moved. While it confirms the findings of previous analyses, that price stabilization has been a major policy achievement, it also reveals that stabilization was not necessarily sustained over the entire survey period. It finds that politico-economic factors—such as entry into the GATT, increase in per capita GDP and achievement of rice self-sufficiency—have been among the determinants of rice pricing policy, but the ways in which these factors have affected policy vary among these countries. Such variation, which previous cross-country studies have not analysed, is a reflection of variations in the roles of rice and in the attitudes of policy-makers in these economies. In its conclusion, this study draws policy implications for each country, taking into account differences in the impact.

Suggested Citation

  • Kei Kajisa & Takamasa Akiyama, 2005. "The Evolution of Rice Price Policies over Four Decades: Thailand, Indonesia and the Philippines," Oxford Development Studies, Taylor & Francis Journals, vol. 33(2), pages 305-329.
  • Handle: RePEc:taf:oxdevs:v:33:y:2005:i:2:p:305-329
    DOI: 10.1080/13600810500138085
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    Citations

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    Cited by:

    1. Sina Xie & Orachos Napasintuwong, 2014. "Review of Rice Policies in China, Thailand and Vietnam," Working Papers 201403, Kasetsart University, Department of Agricultural and Resource Economics.
    2. Celia M. Reyes & Christian D. Mina, 2009. "Profitable Use of SCF in a Policy Context : the Case of Rice Stockholding in the Philippines," Development Economics Working Papers 22686, East Asian Bureau of Economic Research.
    3. Guido van Hofwegen & Gertjan A. Becx & Joep A. van den Broek & Niek B.J. Koning, 2007. "Unraveling the unsustainability spiral in sub-Saharan Africa: an agent based modelling approach," Interdisciplinary Description of Complex Systems - scientific journal, Croatian Interdisciplinary Society Provider Homepage: http://indecs.eu, vol. 5(2), pages 112-137.
    4. Ghoshray, Atanu, 2011. "A reexamination of trends in primary commodity prices," Journal of Development Economics, Elsevier, vol. 95(2), pages 242-251, July.
    5. Koji Kubo, 2013. "Rice Yield Gap between Myanmar and Vietnam: A Matter of Price Policy or Public Investment in Technology?," Asian Journal of Agriculture and Development, Southeast Asian Regional Center for Graduate Study and Research in Agriculture (SEARCA), vol. 10(1), pages 1-24, June.
    6. Niek Koning & Arthur Mol, 2009. "Wanted: institutions for balancing global food and energy markets," Food Security: The Science, Sociology and Economics of Food Production and Access to Food, Springer;The International Society for Plant Pathology, vol. 1(3), pages 291-303, September.

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