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Analysis estimates price responsiveness of rice production and simulates future supply-demand scenarios.
In recent years of normal rice harvests, supply from domestic rice production in Bangladesh has essentially met domestic demand so that imports have been very small. Future supply-demand balances will be determined in part by the price-responsiveness of supply and demand, along with technical change, income growth and other factors. This paper provides estimates of the price-responsiveness of rice production (in particular, area planted to rice), and then simulates supply and demand balance for rice under alternative scenarios.
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Dorosh et al. (2002) studied this question.
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