The Covid-19 Impact on Agricultural Prices in India

Katsushi Imai, Nidhi Kaicker and Raghav Gaiha
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Nidhi Kaicker: School of Business, Public Policy and Social Entrepreneurship, Ambedkar University, INDIA
Raghav Gaiha: Glovbal Development Institute, University of Manchester, UK and Population Studies Centre, University of Pennsylvania, U.S.A.

No DP2020-25, Discussion Paper Series from Research Institute for Economics & Business Administration, Kobe University

Abstract: Our study builds on a few econometric studies of the Covid-19 impact on food prices in India. The period covered is March-June 2020 during which a national lockdown was imposed and its subsequent relaxation (Unlock 1). Wholesale and retail prices and the wedge between them are analysed in detail, focusing on three Indian states, Maharashtra, Jharkhand and Meghalaya. The importance of this study lies in using rigorous panel models (the Hausman-Taylor model with fixed or random effects) and a dynamic panel SGMM model. The latter allows us to establish causality between severity of the Covid-19 pandemic and a few food commodities' prices. Thus new insights emerge that could help mitigate the severity of economic stress and hardships.

Keywords: Covid-19 pandemic; Food prices; Panel models; Lockdown; Maharashtra; Jharkhand; Meghalaya (search for similar items in EconPapers)
JEL-codes: E31 E61 E65 (search for similar items in EconPapers)
Pages: 45 pages
Date: 2020-09, Revised 2020-12
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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