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 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.
Year of publication: |
2005
|
---|---|
Authors: | Jha, Raghbendra ; Murthy, K.V. Bhanu ; Sharma, Anurag |
Institutions: | Crawford School of Public Policy, Australian National University |
Saved in:
freely available
Saved in favorites
Similar items by person
-
A Consumption Based Human Development Index and The Global Environmental Kuznets Curve
Jha, Raghbendra, (2004)
-
A Critique of the Environmental Sustainability Index
Jha, Raghbendra, (2003)
-
A Consumption Based Human Development Index and The Global Environmental Kuznets Curve
Jha, Raghbendra, (2004)
- More ...