What World Price?

Nelissa Jamora and Stephan von Cramon-Taubadel

Applied Economic Perspectives and Policy, 2017, vol. 39, issue 3, 479-498

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.

Keywords: Rice; price transmission; market integration (search for similar items in EconPapers)
JEL-codes: Q11 Q17 Q18 (search for similar items in EconPapers)
Date: 2017
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