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Market constraints, misallocation, and productivity in Vietnam agriculture

Stephen Ayerst, Loren Brandt () and Diego Restuccia ()

Food Policy, 2020, vol. 94, issue C

Abstract: We examine important changes in agriculture in Vietnam in the context of ongoing structural changes in the economy. We use a household-level panel dataset and a quantitative framework to document the extent and consequences of factor misallocation in agriculture during the period between 2006 and 2016. Despite rapid growth in agricultural productivity and a reallocation of factor inputs to more productive farmers, we find that misallocation across farmers remains high and increased during the period. Reallocation of factor inputs has not been strong enough to accommodate substantial changes in farm productivity over time. Our analysis also reveals important differences between the north and south regions.

Keywords: Agriculture; Misallocation; Vietnam; Productivity; Regions (search for similar items in EconPapers)
JEL-codes: E02 O11 O14 O4 Q1 (search for similar items in EconPapers)
Date: 2020
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Related works:
Working Paper: Market Constraints, Misallocation, and Productivity in Vietnam Agriculture (2018) Downloads
Working Paper: Market constraints, misallocation, and productivity in Vietnam agriculture (2018) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jfpoli:v:94:y:2020:i:c:s0306919220300245

DOI: 10.1016/j.foodpol.2020.101840

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