By N. S. S. Narayana

ISBN-10: 0444886672

ISBN-13: 9780444886675

This e-book provides an empirically expected utilized basic equilibrium version for India and the research of a variety of coverage matters performed utilizing the version. many of the chapters within the ebook care for public distribution guidelines, overseas exchange and relief guidelines, rural works programmes, phrases of exchange regulations, fertilizer subsidy guidelines and irrigation improvement regulations. those guidelines are analysed by way of their quick and medium time period results on construction, intake and costs of alternative commodities, at the development of the financial system in addition to at the distribution of source of revenue between assorted teams in rural and concrete parts and the occurrence of poverty within the economic system. every one bankruptcy facing coverage research describes the analytical matters concerned, the ancient context and adventure 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**

**Sample text**

A Policy Model for Agriculture, Growth and Redistribution of Income (AGRI Model) TECHNICAL DESCRIPTION The model wc have constructed is described in diis chapter. We call die model AGRIM as an acronym for 'agriculture, growth and redistribution of income model'. In our model there are two broad groups of commodities: agriculture and non-agriculture. There are three sets of agents: producers, consumers, and the government which, through its policies, can influence domestic supplies, prices, foreign trade, etc.

A number of commodities are distinguished in die agricultural sector prior to their neces sary aggregation to conform to the sectoral classification of die demand sys tem, domestic exchange and international trade. 1). In what follows, *t' denotes die time period (year) and Greek, Roman and lower case letters are used to denote parameters of econometric equations. We start widi estimation of crop production. , on crop yields is not transparent. These are very important in the context of agricultural ix)licy analysis.

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. 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

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