By N. S. S. Narayana
This publication provides an empirically expected utilized common equilibrium version for India and the research of a variety of coverage matters performed utilizing the version. some of the chapters within the publication care for public distribution guidelines, international alternate and reduction guidelines, rural works programmes, phrases of exchange rules, fertilizer subsidy guidelines and irrigation improvement guidelines. those regulations are analysed when it comes to their rapid and medium time period results on creation, intake and costs of other commodities, at the progress of the economic climate in addition to at the distribution of source of revenue between diverse teams in rural and concrete parts and the prevalence of poverty within the financial system. each one bankruptcy facing coverage research describes the analytical concerns concerned, the ancient context and adventure of the coverage involved, result of the version situations and the coverage insights that emerge
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Additional resources for Agriculture, Growth, and Redistribution of Income: Policy Analysis With a General Equilibrium Model of India
In that case, farmers are subsidized in their sales of produce to the government up to the ceiling i^vt by the government's procure ment quantity targets. Rice and wheat are the major foodgrains procured. The main considera tions in setting the procurement targets are requirement of the public distribu tion system, storage capacity, etc. However, the actual levels procured may depend on the level of production and procurement prices relative to market price. We tried to incoφorare these considerations in our estimation of the procurement functions and chose the best fitting equations.
Thus, YBAR, and hence CBAR, changes from year to year while σ^^ (and σ^^ remain fixed. This implies that CBAR, and consequendy the various proportions [equations 19 Ii musi be remembered thai equation (54) was used separately for agricultural, rural nonagriculiural and urban non-agricultural households. AGRI Model 47 (55), (56) and (57)], change only with a change in the aggregate mean in come, and class-wise distribution remains fixed. , across various income groups. A provision was, therefore, made in the model to allow for variations in σ^^ under redistributive policies.
On unirrigated land also. v. v. area is set to zero. = a , ^ b , f , ^ c , f , ^ + d , R , - h U , = YLD^* + U ^ (18) so that YLDjj^* represents the expected yield. c^) (20) where LMDA,, the shadow price of the fertilizer, is given by 2 F ^ + Z Akt LMDAj = Σ A, (21) PklCikJ Thus, in principle one can estimate, using a non-linear simultaneous equations approach, all die parameters in equation (18) and hence die fertilizer shadow price LMDAj and die mtensities fj^ by minimizing die sum of the squares of error terms as given by Σ Σ (YLD^ - YLO^f (22) where YLD^* is die expected value of YLD^.
Agriculture, Growth, and Redistribution of Income: Policy Analysis With a General Equilibrium Model of India by N. S. S. Narayana