000007974 001__ 7974
000007974 005__ 20180910201336.0
000007974 037__ $$a349-2016-17910
000007974 041__ $$aen
000007974 245__ $$aTesting for Food Market Integration: A Study of the Vietnamese Paddy Market
000007974 260__ $$c2007
000007974 269__ $$a2007
000007974 300__ $$a23
000007974 336__ $$aConference Paper/ Presentation
000007974 446__ $$aEnglish
000007974 490__ $$aConference Paper
000007974 520__ $$aThis study examines whether there is spatial integration between and within paddy markets in the North and South of Vietnam. The empirical model developed uses estimates of transfer costs to generalize Ravallion's model of spatial market integration to allow for threshold effects. A sequential testing strategy is used to test for market segmentation, the number of thresholds, long-run integration, informational efficiency, and the 'Law' of One Price within an error-correction framework. We find no threshold effects and weak evidence of paddy market integration between northern and southern Vietnam. There is, however, evidence of both threshold effects and stronger market integration within the Red and Mekong River deltas. Whenever price spreads exceeds their thresholds at least 60% percent of price changes are transmitted between regional markets within a month. Nonetheless, the instantaneous version of the 'Law' of One Price only holds for a few regimes and market pairs. These results suggest that national level policies cannot be relied upon to stabilize or support paddy prices in Vietnam. Instead, policies need to be designed with the specific production, consumption and marketing characteristics of northern and southern Vietnam in mind.
000007974 650__ $$aMarketing
000007974 700__ $$aTrung, Le Dang
000007974 700__ $$aTam, Tran Ngo Minh
000007974 700__ $$aBaulch, Bob
000007974 700__ $$aHansen, Henrik
000007974 8564_ $$s295038$$uhttp://ageconsearch.umn.edu/record/7974/files/cp07tr01.pdf
000007974 887__ $$ahttp://purl.umn.edu/7974
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  Previous issue date: 2007
000007974 982__ $$gAgricultural Economics Society>81st Annual Conference, April 2-4, 2007, Reading University, UK
000007974 980__ $$a349