Domestic and International Impacts of Rice Export Restrictions: The Recent Case of Indian Non-Basmati Rice

Valera, Harold Glenn and Ashok, Mishra and Valerien, Pede and Takashi, Yamano and David, Dawe (2023): Domestic and International Impacts of Rice Export Restrictions: The Recent Case of Indian Non-Basmati Rice. Published in: Global Food Security , Vol. 41, (27 March 2024)

Abstract

This study examines the impact of India’s export restrictions on domestic retail rice prices using a dynamic panel GARCH model. The findings suggest that export restrictions are not a sufficient condition to lower domestic prices. Export restrictions are associated with lower retail price volatility in the East Zone. Moreover, the international price transmission to a sample of Asian and African economies shows that all countries are vulnerable, but the degree and kinds of vulnerability differ. Rice exporters appear to be the most susceptible as domestic prices increase in these countries. Rice importers are also vulnerable because of price increases, but the increases are less than in countries where the private sector decides on import quantities.

• Item Type: MPRA Paper
• Language: English
• Keywords: Export ban, domestic rice prices, GARCH, panel data
• Subjects: C - Mathematical and Quantitative Methods > C2 - Single Equation Models ; Single Variables > C23 - Panel Data Models ; Spatio-temporal Models; E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E31 - Price Level ; Inflation ; Deflation; F - International Economics > F1 - Trade > F13 - Trade Policy ; International Trade Organizations; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q1 - Agriculture > Q18 - Agricultural Policy ; Food Policy

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