By N.S.S. Narayana, Kirit S. Parikh and T.N. Srinivasan (Eds.)
This ebook provides an empirically envisioned utilized basic equilibrium version for India and the research of a variety of coverage matters performed utilizing the version. a number of the chapters within the publication care for public distribution regulations, overseas exchange and reduction guidelines, rural works programmes, phrases of exchange regulations, fertilizer subsidy regulations and irrigation improvement guidelines. those regulations are analysed by way of their fast and medium time period results on construction, intake and costs of alternative commodities, at the development of the economic climate in addition to at the distribution of source of revenue between diversified teams in rural and concrete parts and the occurrence of poverty within the financial system. every one bankruptcy facing coverage research describes the analytical concerns concerned, the historic 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
Note that \ and d^ are the only parameters to be estimated now, since all odier parameters are exogenouslv AGRI Model 33 specified. It may be noted diat in this part of the exercise, dme-series of was obtained by setting P^w. F. 6202 based on Sarvekshana (1978). The details of obtaining die parameters, a^^, b^^ and c^^ from the SFT data and of estímaüon of yield functions of major cereals are given in Narayana and Parikh (1987). Bajra, jowar and maize. For these crops the response parameters based on technical data from SFT were relied on, and only the scale factors and die coefficients corresponding to rainfall were estimated.
Adoption rate, and fertilizer appli cation, apart from natural factors such as rainfall. v. cultivation in the counü7 is mainly confined to only five cereal crops: rice, wheat, jowar, bajra and maize. v. is far higher in the case of rice and wheat compared to diat of jowar, bajra and maize. v. varied between three to seven for all the five crops. v. Though fertilizer is known to be applied to a number of crops, again rice and wheat arc major fertilizer consuming crops, together accounting for more dian 9 Aggrcgaie feriiJizer inien^^iiy in India by 1980 was only 21 kg.
Our approach to modeling farmers' decisions reflects these aspects. A detailed report of our modeling approach and estimation of acreage response can be found in Narayana and Parikh (1981). Only a brief description high lighting some of die more important issues is given below. 6. AGRI Model 27 of various crops, and technological features. Past allocation decisions may also constrain die extent to which land can be shifted from crop to crop. Two important points are to be noted. These are : (a) In traditional agriculture with unchanging technology, relative crop prices can reasonably be assumed to reflect relative profits earned by farmers in allocating an acre to one crop radier dian to another.
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.)