Integration of the International Rice Market: Implications for Trade Liberalization

Chantal Pohl Nielsen and Wusheng Yu

No 330992, Conference papers from Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project

Abstract: A cointegration analysis performed in this paper finds that the international rice market is highly segmented. This is explained by the high degree of market intervention in this sector due to food security reasons and by strong consumer preferences for specific rice varieties. This finding is supported by subsequent estimation of the elasticities of substitution between rice imported from different sources. The estimates are found to be substantially lower than those often used in e.g. computable general equilibrium models. This implies that trade liberalization will have less of an impact than otherwise predicted

Keywords: International Relations/Trade; Crop Production/Industries (search for similar items in EconPapers)
Pages: 25
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:ags:pugtwp:330992

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