Abstract
The present paper examines the economic consequences of the most recent reform of Vietnam's rice policy, the removal of the rice‐export quota. The reform is analyzed in light of domestic policy barriers, such as restrictions on cross‐sectoral land mobility, as well as international policy barriers, such as distortions introduced by preferential trade agreements. The analysis expands and amends a global computable general equilibrium model to represent these features. The analysis shows that the export quota has been a very restrictive policy tool that has kept Vietnamese rice production and exports well below potential. Both the domestic and international policy constraints contribute to this situation.
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