Durevall, Dickvan der Weide, Roy2014-12-032014-12-032014-11https://hdl.handle.net/10986/20646This 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.en-USCC BY 3.0 IGOAGRICULTURAL ECONOMICSAGRICULTURAL PRICEAGRICULTUREARBITRAGEAVERAGE PRICEBARRIERBUYERSCOMMERCECOMMODITYCOMMODITY PRICECONSUMER PRICECONSUMER PRICESCOST OF LIVINGCUSTOMSDATA ANALYSISDEVELOPING COUNTRIESDEVELOPING COUNTRYDISTRIBUTION SYSTEMDOMESTIC MARKETSDOMESTIC PRICEDOMESTIC PRICESECONOMIC DEVELOPMENTEMERGING MARKETEXCHANGE RATESEXPENDITURESFINANCIAL CRISISFOOD GRAINSFOOD INSECURITYFOOD POLICYFOOD PRICEFOOD PRICESFOOD RESEARCHFOOD RIOTSFOOD SECURITYFOOD STAPLESFOOD SUPPLYFOOD TRANSFERSFREE TRADEGENERAL POPULATIONGLOBAL FOOD SECURITYGLOBALIZATIONGOVERNMENT INTERVENTIONSGOVERNMENT POLICYGROWTH RATESIFPRIINCOMEINCOMESINFLATIONINFLATION RATEINNOVATIONINSPECTIONINTERNATIONAL TRADELIBERALIZATIONLOW-INCOME COUNTRIESMAIZEMARKET DEVELOPMENTMARKET FAILURESMARKET INTEGRATIONMARKET PRICEMARKET PRICESMARKET REFORMMARKET REGULATIONMARKETINGMILLSMISSING VALUESOPEN ACCESSPADDYPOLITICAL ECONOMYPOLITICAL UNRESTPOVERTY ALLEVIATIONPRICE ADVANTAGEPRICE BEHAVIORPRICE CHANGESPRICE DYNAMICSPRICE INCREASEPRICE INCREASESPRICE INSTABILITYPRICE LEVELPRICE PROTECTIONPRICE RISKSPRICE SERIESPRICE STABILIZATIONPRICE VOLATILITYPRIVATE MARKETPRIVATE SECTORPRIVATE SECTORSPROTEINPURCHASINGREFORM PROGRAMRESULTRESULTSSAFETY NETSSOCIAL PROTECTIONSOCIAL SAFETY NETSSPREADSTOCKSSUPPLY CHAINSUPPLY INCREASESSURPLUSSURPLUSESTIME PERIODTRANSACTIONTRANSACTION COSTSTRANSACTIONS COSTSVALUE CHAINVALUE CHAINSVOLATILITYWEBWFPWHEATWINEWORLD FOOD PROGRAMWORLD MARKET10.1596/1813-9450-7119