Much of recent work has raised the issue that the surge in prices of foodgrains in the last two years cannot be explained satisfactorily in terms of the fundamentals of supply and demand. It has also been suggested that the part that cannot be explained in this way is due largely to speculation....

This paper examines the extent to which changes in global agricultural commodity price are transmitted to domestic prices in India and China. The focus is on short and medium-run adjustment processes using an error correction specification. In particular, we show that the extent of adjustment in...

Drawing upon panel data estimations, we have analysed the relationships among agricultural productivity, employment, technology, openness of the economy, inequality in land distribution and poverty. First, we have identified a number of important factors affecting agricultural productivity, such...

The present study examines how and why ethnic minorities are poorer than ethnic majorities in Vietnam using the VHLSS data for 2002 and 2004. First, the analysis confirms that households belonging to the ethnic minority groups are not only poorer but also more vulnerable to various shocks than...

Consistent with real option theory, the authors argue that the value of the Employment Guarantee Scheme (EGS) in rural India and its impact on workers' behavior does not depend so much on its income supplementation as on enlargement of opportunities in the uncertain local labor market. The...