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What World Price?

Author

Listed:
  • Nelissa Jamora
  • Stephan von Cramon-Taubadel

Abstract

We analyze price relationships on international rice markets from 2000 to 2013 and provide an overview of price transmission between fourteen international reference prices and 268 domestic prices from fifty-eight countries. The results confirm that international rice markets are heterogeneous and export prices for indica rice in Vietnam are linked to the largest number of rice markets worldwide. There is also evidence of changes in the dynamics of rice price transmission from international to domestic markets after 2008. Future studies on price transmission should consider international reference prices that are appropriate for different quality segments and groups of rice importers.

Suggested Citation

  • Nelissa Jamora & Stephan von Cramon-Taubadel, 2017. "What World Price?," Applied Economic Perspectives and Policy, Agricultural and Applied Economics Association, vol. 39(3), pages 479-498.
    • Handle: RePEc:oup:apecpp:v:39:y:2017:i:3:p:479-498.
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    References listed on IDEAS

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    More about this item

    Keywords

    Rice; price transmission; market integration;
    All these keywords.

    JEL classification:

    • Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices
    • Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy

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