By N.S.S. Narayana, Kirit S. Parikh and T.N. Srinivasan (Eds.)
This publication offers an empirically predicted utilized normal equilibrium version for India and the research of quite a lot of coverage matters conducted utilizing the version. a number of the chapters within the booklet care for public distribution rules, international exchange and reduction regulations, rural works programmes, phrases of alternate guidelines, fertilizer subsidy guidelines and irrigation improvement guidelines. those guidelines are analysed when it comes to their speedy 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 various teams in rural and concrete parts and the prevalence of poverty within the economic climate. every one bankruptcy facing coverage research describes the analytical concerns concerned, the historic context and event of the coverage involved, result of the version eventualities and the coverage insights that emerge
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Extra resources for Agriculture, Growth and Redistribution of Income: Policy Analysis with a General Equilibrium Model of India
It was decided to use only GDP since for a large economy such as India's net imports meet only a small proportion of the total demand. (b) Another way to estímate die total demand is to estímate each of its in dividual components. These are: (i) human consumptíon of non-agriculture; (ii) intermediate consumptíon of the non-agricultural commodity by agriculture; (iii) investment demand; (iv) public final consumptíon by the government; and (v) export demand. j)GRT^ (43) where expected total non-agricultural demand; households' consumptíon of non-agriculture in period t - l ; population growdi rate from period ( t - l ) to period (t); growth rate in total G D P from period (t-2) to period ( t - l ) ; expenditure elasticity for non-agriculture demand; η CINTEN, J = intermediate consumption of non-agricultural commodity by agricultural sector in year ( t - l ) ; GRA, = growth rate in agricultural G D P from period ( t - l ) to pe riod t; YIODB, HHCNAG t-l PGR, GRT, 15 These were estimated as ARIMA schemes using uox-Jenkins methodology.
Or yield for irrigated land are not available. Time series are also available on die total fertilizer used on all crops in the country. ^^ Rice and wheat. v. seeds sown on irrigated land. ^= crop specific, land specific rainfall; 10 For a cross section survey data on crop specific fertilizer application for the year 1972, see Sarvekshana (1978). 11 See Sarvekshana (1978). v. v. area is less than or equal to irrigated area. v. 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.
The physical output of each of the nine agricultural sectors was split into classwise rural income 17 We will return to this point later. 18 In the simulation runs these limits get updated from year to year on account of price changes. 2. 46 Agriculture, Growth and Redisiribution afincóme "endowments" as per die agricultural income proporüons. Rural and urban nonagricultural outputs were split into corresponding classwise non-agricultural en dowments using die respective income proportions. It is worth mentioning diat (a) This approach provides indirect estimates of classwise savings by sub tracting classwise mean consumption from mean income: ZCBAR.