By N.S.S. Narayana, Kirit S. Parikh and T.N. Srinivasan (Eds.)
This ebook offers an empirically expected utilized normal equilibrium version for India and the research of quite a lot of coverage matters conducted utilizing the version. a few of the chapters within the ebook care for public distribution guidelines, international alternate and relief guidelines, rural works programmes, phrases of alternate rules, fertilizer subsidy regulations and irrigation improvement rules. those regulations are analysed by way of their quick and medium time period results on construction, intake and costs of alternative commodities, at the progress of the economic system in addition to at the distribution of source of revenue between diversified teams in rural and concrete components and the occurrence of poverty within the economic system. every one bankruptcy facing coverage research describes the analytical concerns concerned, the ancient context and event 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
This suggests that there is still a long way to go to reach die limit, and dierefore, the ultimate poten tial was not specified as an asymptote in the functional form for GIA. The ratio of ΝΙΑ to GIA was assumed to remain constant over time. This was estimated by regressing ΝΙΑ on GIA widi no constant term in the equation. NIA^ = μ GIA^ + u^ (3) Aggregate crop intensity. Now, the ACI was specified to be a function of the rainfall and the extent of irrigation in die country (that is, the proportion of ΝΙΑ in NSA), as follows: ACI^ = α + β (NIA/NSAX + τ RIAL^ + δ (RIAL \^ + (4) One should not take equations (3) and (4) togedier to imply diat since the ratio of GIA to ΝΙΑ is fixed (1/μ), ACI varies only because die cropping intensity on unirrigated land varies.
In India, irrigation planning seems to be oriented more towards alleviating risks of uncertain rainfall dian maximizing productivity. Traditionally, regions widi more assured rainfall received comparatively less priority in irrigation development. The inclusion of the variable lA^^ ^ reflects this aspect. However, while speci- 26 Agriculture, Growth and Redistribution afincóme fying such a function for each group, an additivity constraint that die sum of lA^ over all groups would add up to die total GIA, was imposed.
Across various income groups. A provision was, therefore, made in the model to allow for variations in σ^^ under redistributive policies. A survey by the National Sample Survey Organization (NSS 1 9 7 2 ) and the Reserve Bank of India (RBI 1971-72 ) give data on a number of wealth variables relating to rural households consisting of cultivator households, noncultivator households of which a part consists of agricultural labour house holds, and non-agricultural rural households. Data on cultivator households and non-cultivator households are available according to 15 size-classes of land owned.
Agriculture, Growth and Redistribution of Income: Policy Analysis with a General Equilibrium Model of India by N.S.S. Narayana, Kirit S. Parikh and T.N. Srinivasan (Eds.)