The Political Economy of Food Price Policy: the Case of Rice Prices in Vietnam
Rice is a key agricultural commodity in Vietnam, and the agriculture, forestry, and fisheries sector remains a major source of employment and value addition. This paper uses episodes of rice price volatility to understand how the interplay of market forces and political economy factors caused domestic and world prices to diverge, depriving producers of windfall profits, and preventing markets from clearing. The welfare consequences of mutually-inconsistent agricultural policies suggest that Vietnam and other transition economies must emphasize policy coherence by developing institutions capable of balancing the needs of distinct constituencies, such as net rice producers and consumers.
|Date of creation:||2013|
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- Frank Asche & Helge Bremnes & Cathy R. Wessells, 1999.
"Product Aggregation, Market Integration, and Relationships between Prices: An Application to World Salmon Markets,"
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Agricultural and Applied Economics Association, vol. 81(3), pages 568-581.
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- Cudjoe, Godsway & Breisinger, Clemens & Diao, Xinshen, 2008. "Local impacts of a global crisis: Food price transmission and poverty impacts in Ghana," IFPRI discussion papers 842, International Food Policy Research Institute (IFPRI).
- Brian D. Wright, 2011. "The Economics of Grain Price Volatility," Applied Economic Perspectives and Policy, Agricultural and Applied Economics Association, vol. 33(1), pages 32-58. Full references (including those not matched with items on IDEAS)
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