The effects of Vietnamese rice export policies on world market integration

J. Luckmann; R. Ihle; U. Kleinwechter; H. Grethe

The effects of Vietnamese rice export policies on world market integration

J. Luckmann, R. Ihle, U. Kleinwechter, H. Grethe

Research output: Chapter in Book/Report/Conference proceeding › Conference paper › Academic › peer-review

Abstract

World market prices of rice have been subject to large fluctuations in recent years. Vietnam is a major exporter of rice which is also the main staple food in the country. The Vietnamese government is limiting exports, to insulate domestic consumers from world market price hikes. The effects of these policy interventions on price transmission are investigated in this study. We analyze the marketing chain of rice in Vietnam and construct a multivariate Vector Error Correction Model for markets across the country and include a policy parameter and an international reference price. We find reasonable cointegration of most markets analyzed and only a limited effect of the applied export policies: they suppressed the price in the main producing region, but did not significantly affect the prices in main deficit region. Thus food security programs directly targeting poor consumers are likely to be more efficient to improve food security.
URI: http://purl.umn.edu/212159

Original language	English
Title of host publication	Proceedings of the IAAE 2015 Agriculture in an interconnected world
Number of pages	27
Publication status	Published - 2015
Event	IAAE 2015 Agriculture in an interconnected world - Milan, Italy Duration: 8 Aug 2015 → 14 Aug 2015

Conference

Conference	IAAE 2015 Agriculture in an interconnected world
Country/Territory	Italy
City	Milan
Period	8/08/15 → 14/08/15

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Cite this

@inproceedings{ca6d4866e11641a19bbf76ea43bd79b0,

title = "The effects of Vietnamese rice export policies on world market integration",

abstract = " World market prices of rice have been subject to large fluctuations in recent years. Vietnam is a major exporter of rice which is also the main staple food in the country. The Vietnamese government is limiting exports, to insulate domestic consumers from world market price hikes. The effects of these policy interventions on price transmission are investigated in this study. We analyze the marketing chain of rice in Vietnam and construct a multivariate Vector Error Correction Model for markets across the country and include a policy parameter and an international reference price. We find reasonable cointegration of most markets analyzed and only a limited effect of the applied export policies: they suppressed the price in the main producing region, but did not significantly affect the prices in main deficit region. Thus food security programs directly targeting poor consumers are likely to be more efficient to improve food security. URI: http://purl.umn.edu/212159 ",

author = "J. Luckmann and R. Ihle and U. Kleinwechter and H. Grethe",

year = "2015",

language = "English",

booktitle = "Proceedings of the IAAE 2015 Agriculture in an interconnected world",

note = "IAAE 2015 Agriculture in an interconnected world ; Conference date: 08-08-2015 Through 14-08-2015",

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TY - GEN

T1 - The effects of Vietnamese rice export policies on world market integration

AU - Luckmann, J.

AU - Ihle, R.

AU - Kleinwechter, U.

AU - Grethe, H.

PY - 2015

Y1 - 2015

N2 - World market prices of rice have been subject to large fluctuations in recent years. Vietnam is a major exporter of rice which is also the main staple food in the country. The Vietnamese government is limiting exports, to insulate domestic consumers from world market price hikes. The effects of these policy interventions on price transmission are investigated in this study. We analyze the marketing chain of rice in Vietnam and construct a multivariate Vector Error Correction Model for markets across the country and include a policy parameter and an international reference price. We find reasonable cointegration of most markets analyzed and only a limited effect of the applied export policies: they suppressed the price in the main producing region, but did not significantly affect the prices in main deficit region. Thus food security programs directly targeting poor consumers are likely to be more efficient to improve food security. URI: http://purl.umn.edu/212159

AB - World market prices of rice have been subject to large fluctuations in recent years. Vietnam is a major exporter of rice which is also the main staple food in the country. The Vietnamese government is limiting exports, to insulate domestic consumers from world market price hikes. The effects of these policy interventions on price transmission are investigated in this study. We analyze the marketing chain of rice in Vietnam and construct a multivariate Vector Error Correction Model for markets across the country and include a policy parameter and an international reference price. We find reasonable cointegration of most markets analyzed and only a limited effect of the applied export policies: they suppressed the price in the main producing region, but did not significantly affect the prices in main deficit region. Thus food security programs directly targeting poor consumers are likely to be more efficient to improve food security. URI: http://purl.umn.edu/212159

M3 - Conference paper

BT - Proceedings of the IAAE 2015 Agriculture in an interconnected world

T2 - IAAE 2015 Agriculture in an interconnected world

Y2 - 8 August 2015 through 14 August 2015

ER -

The effects of Vietnamese rice export policies on world market integration

Abstract

Conference

UN SDGs

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