Unity or diversity? On the integration and efficiency of rice markets in Indonesia, c. 1920-2006

Daan Marks

Explorations in Economic History, 2010, vol. 47, issue 3, 310-324

Abstract: The emergence of an integrated national economy in Indonesia has been a slow and ongoing evolutionary process. Using rice price series for a number of cities across the Indonesian archipelago, this paper provides quantitative evidence to track this process for the specific case of the rice market. It shows that during Indonesia's colonial period rice markets were relatively well integrated and functioned efficiently. However, the Second World War and the subsequent struggle for independence resulted in disintegrated and inefficient markets. It is only since the late 1970s that markets in Indonesia have returned to a situation in which we can speak about a national integrated economy with well-functioning markets.

Keywords: Market; integration; Indonesia; Cointegration; Market; efficiency; Rice; prices (search for similar items in EconPapers)
Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0014-4983(09)00051-5
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:exehis:v:47:y:2010:i:3:p:310-324

Access Statistics for this article

Explorations in Economic History is currently edited by R.H. Steckel

More articles in Explorations in Economic History from Elsevier
Bibliographic data for series maintained by Catherine Liu ().