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POST-URUGUAY ROUND PRICE LINKAGES BETWEEN DEVELOPED AND DEVELOPING COUNTRIES: THE CASE OF RICE AND WHEAT MARKETS AgEcon
Yavapolkul, Navin; Gopinath, Munisamy; Gulati, Ashok.
The Uruguay Round Agreement on Agriculture attempted to lower distortions in the global agricultural markets. However, the significant fall in commodity prices in late 1990s may have reduced the incentives for both developed and developing countries to better integrate into the world markets. This study analyzes price linkages and adjustment between developed and developing countries during the post-Uruguay Round period. Prices of two key commodity markets, long-grain rice and medium-hard wheat, are assembled for major exporters and producers. Results from the multivariate cointegration analysis suggest partial market integration between developed and developing countries in the post-Uruguay Round period. Developed countries are found to be price leaders...
Tipo: Report Palavras-chave: Price Linkage; Developing Countries; Rice markets; Wheat Markets; Uruguay Round Agreement on Agriculture (URAA); Doha Development round of the World Trade Organization (WTO); International Relations/Trade; Q17; O13; Q11.
Ano: 2004 URL: http://purl.umn.edu/60453
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Measuring Market Integration in the Presence of Threshold Effect: The Case of Bangladesh Rice Markets AgEcon
Alam, Mohammad Jahangir; McKenzie, Andrew M.; Buysse, Jeroen; Begum, Ismat Ara; Wailes, Eric J.; Van Huylenbroeck, Guido.
Spatial price integration among five major Bangladesh rice markets is examined in the presence of threshold effects to account for the impact of transaction costs in the price adjustment process. Hansen and Seo (2002) threshold cointegration tests and threshold vector error correction models confirm the presence of threshold effects. Results highlight the importance of directing policy goals towards reducing transaction cost to engender greater pricing efficiency in Bangladesh rice markets.
Tipo: Presentation Palavras-chave: Market integration; Rice markets; Transaction cost; Bangladesh; Agribusiness; Agricultural and Food Policy; Demand and Price Analysis; International Development.
Ano: 2012 URL: http://purl.umn.edu/124435
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Policy distortions in the segmented rice market AgEcon
Rakotoarisoa, Manitra A..
High production and export subsidies in developed countries and high protection in both developed and developing countries have distorted rice trade. This study estimates the impact of rice policy distortions on developing countries’ rice production and trade potential. Because rice markets are highly segmented, major rice types are differentiated to estimate the impact of current and likely policy reforms. Analysis in long-grain, high-quality rice focuses on rice import and export markets in Latin America and shows that reduction of direct and implicit export subsidies in the US will benefit regional suppliers such as Argentina and Uruguay. Analysis of Indonesia’s import market of ordinary long-grain rice, where protection is high, reveals that tariff...
Tipo: Working or Discussion Paper Palavras-chave: Exports; Subsidies; Rice trade; Rice markets; Tariffs; Imports; Marketing.
Ano: 2006 URL: http://purl.umn.edu/58577
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