The impact of India's demonetization on domestic agricultural trade

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cg.authorship.typesCGIAR and developing country instituteen_US
cg.authorship.typesCGIAR single centreen_US
cg.contributor.affiliationInternational Food Policy Research Instituteen_US
cg.coverage.countryIndiaen_US
cg.coverage.iso3166-alpha2INen_US
cg.coverage.regionSouthern Asiaen_US
cg.coverage.regionAsiaen_US
cg.creator.identifierSudha Narayanan: 0000-0003-1048-2341en_US
cg.identifier.doihttps://doi.org/10.1111/ajae.12317en_US
cg.identifier.projectIFPRI - South Asia Regionen_US
cg.identifier.projectIFPRI - Development Strategies and Governance Uniten_US
cg.identifier.projectIFPRI - Systems Transformation - Transformation Strategiesen_US
cg.identifier.publicationRankAen_US
cg.isijournalISI Journalen_US
cg.issn0002-9092en_US
cg.issue1en_US
cg.journalAmerican Journal of Agricultural Economicsen_US
cg.reviewStatusPeer Reviewen_US
cg.volume105en_US
dc.contributor.authorAggarwal, Nidhien_US
dc.contributor.authorNarayanan, Sudhaen_US
dc.date.accessioned2024-03-14T12:09:29Zen_US
dc.date.available2024-03-14T12:09:29Zen_US
dc.identifier.urihttps://hdl.handle.net/10568/140419en_US
dc.titleThe impact of India's demonetization on domestic agricultural tradeen_US
dcterms.abstractWe examine the impact of an extreme monetary shock, India's demonetization of 2016, on domestic agricultural trade. Using data from around 3000 regulated markets for 35 major crops, we find that trade value fell by 16.3–16.8% in the short run, settling at 11.8–12.1% after eight months, driven primarily by a decline in prices. Triple difference estimates suggest sharpest impacts for kharif crops, perishables and crops with minimal government intervention. Markets far away from banks fared worse. Our results suggest that the implosion of value of agricultural trade domestically persisted two growing seasons beyond the one that coincided with the shock, whereas existing findings suggest that the negative impact on the economy as a whole dissipates in that time.en_US
dcterms.accessRightsLimited Accessen_US
dcterms.bibliographicCitationAggarwal, Nidhi; and Narayanan, Sudha. 2023. The impact of India's demonetization on domestic agricultural trade. American Journal of Agricultural Economics 105(1): 316-340. https://doi.org/10.1111/ajae.12317en_US
dcterms.extentpp. 316-340en_US
dcterms.issued2023-01-01en_US
dcterms.languageenen_US
dcterms.licenseCopyrighted; all rights reserveden_US
dcterms.publisherWileyen_US
dcterms.replaceshttps://ebrary.ifpri.org/digital/collection/p15738coll5/id/8224en_US
dcterms.subjectdomestic tradeen_US
dcterms.subjectshocken_US
dcterms.subjectpoliciesen_US
dcterms.subjectmarketsen_US
dcterms.subjecttradeen_US
dcterms.subjectpersistenceen_US
dcterms.subjectdomestic marketsen_US
dcterms.subjectcommodity marketsen_US
dcterms.subjectmonetary policiesen_US
dcterms.subjectagricultural tradeen_US
dcterms.typeJournal Articleen_US

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