Language:
English
Pages:
Online-Ressource (40 p)
Edition:
2014 World Bank eLibrary
Parallel Title:
Durevall, Dick Importing High Food Prices by Exporting
Keywords:
Reis
;
Export
;
Reispreis
;
Inflationskonvergenz
;
Kointegration
;
Freihandel
;
Wohlfahrtsökonomik
;
Laos
Abstract:
This paper shows how a developing country, Lao PDR, imports high glutinous rice prices by exporting its staple food to neighboring countries, Vietnam and Thailand. Lao PDR has extensive export controls on rice, generating a sizable difference between domestic and international prices. Controls are relaxed after good harvests, leading to a surge in exports early in the season and rapidly rising prices later in the year. There is thus a strong case for removal of trade restrictions since they give rise to price spikes, keep the long-term price of glutinous rice low, and thereby hinder increases in income from agriculture. Although this is a case study of Lao PDR, the findings may equally apply to other developing countries that export their staple food
DOI:
10.1596/1813-9450-7119
URL:
Volltext
(Deutschlandweit zugänglich)
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