Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/80957
Authors: 
Hai, Nguyen Manh
Talbot, Theodore
Year of Publication: 
2013
Series/Report no.: 
WIDER Working Paper 2013/035
Abstract: 
Rice is a key agricultural commodity in Vietnam, and the agriculture, forestry, and fisheries sector remains a major source of employment and value addition. This paper uses episodes of rice price volatility to understand how the interplay of market forces and political economy factors caused domestic and world prices to diverge, depriving producers of windfall profits, and preventing markets from clearing. The welfare consequences of mutually-inconsistent agricultural policies suggest that Vietnam and other transition economies must emphasize policy coherence by developing institutions capable of balancing the needs of distinct constituencies, such as net rice producers and consumers.
Subjects: 
Vietnam
political economy
rice
crisis
agriculture
JEL: 
Q02
Q18
D72
ISBN: 
978-92-9230-612-0
Document Type: 
Working Paper

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