ArticleIndian economic review2022
COVID-19 and distortions in urban food market in India.
Article in Indian economic review, 2022. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Not yet cited in PubMed.
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Abstract
In this paper, we study the effects of the spread of COVID-19 on retail and wholesale prices of urban markets in India, as well as price distortion between markets and the mark-up between retail and wholesale prices. Using fixed-effects panel regression models, we find that with the spread of COVID-19, prices increased for commodities with longer shelf-life such as pulses and processed items, while prices of vegetables such as onions and tomatoes declined substantially at the onset of the pandemic. Further, market distortions increased significantly for most commodities. Pulses experienced large price distortions between markets as well as mark-ups between retail and wholesale prices. We, however, do not see any major price distortions in the market for rice and wheat, which are controlled by Government's minimum support prices. Supplementary Information: The online version contains supplementary material available at 10.1007/s41775-022-00130-3.
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