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Agricultural Market Integration in India
Author:
Michal Andrlenull

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Patrick Blagrave
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Series:
IMF Working Papers
Volume/Issue:
Volume 2020: Issue 115
Language:
English
Publication Date:
03 Jul 2020
DOI:
https://doi.org/10.5089/9781513549163.001
ISBN:
9781513549163
ISSN:
1018-5941
Pages:
20
Keywords:
WP; market integration; market; markup; cross-market markup; markups vis-à-vis; cross-market dispersion; price integration; cross-market trade; price dispersion; cross-region price discrepancy; Agricultural commodities; Infrastructure; Agricultural sector; Transportation; Global; Price transmission; India
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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We assess the degree of cross-market price discrepancy (a proxy for market integration), its evolution over time, and proximate determinants, using monthly price data for 21 agricultural goods and 60 markets in India. Econometric analysis shows that cross-market price integration is positively associated with the level of transportation infrastructure, and distance between market pairs. There is no robust evidence that price integration has increased in recent years, suggesting that any positive effects of recent policy initiatives are either small, outweighed by the identified determinants of integration, or yet to come.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund
Volume 2020: Issue 115