Market reform, productivity and efficiency in Vietnamese rice production
This paper analyzes the dramatic increases in rice output and productivity in Vietnam due largely to market reform, inducing farmers to work harder and use land more efficiently. The reform process is captured through changes in effort variables and a decomposition of total factor productivity (TFP) due to enhanced incentives for two main reform periods: output contracts(1981-87) and trade liberalization (1988-94). The results show that the more extensive is market reform the larger the...[Show more]
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