By N. S. S. Narayana
This ebook offers an empirically expected utilized normal equilibrium version for India and the research of quite a lot of coverage concerns performed utilizing the version. many of the chapters within the ebook care for public distribution rules, overseas alternate and relief guidelines, rural works programmes, phrases of alternate regulations, fertilizer subsidy guidelines and irrigation improvement rules. those rules are analysed when it comes to their instant and medium time period results on creation, intake and costs of other commodities, at the development 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 climate. each one bankruptcy facing coverage research describes the analytical concerns concerned, the historic context and adventure of the coverage involved, result of the version situations and the coverage insights that emerge
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Extra info for Agriculture, Growth, and Redistribution of Income: Policy Analysis With a General Equilibrium Model of India
Summed over i and j (instead of over i for each j) equals zero. We did not do so because of its cumber some computational implication. 5 Policy Sub-Models Producers and consumers take production and consumption decisions given the prevailing government policies. The economy is an open economy widi the government deciding the level of exports and imports of both agricultural and non-agricultural goods. Within the country, several redistributive programmes are pursued involving the government's intervention in an odierwise free market.
The government procures annually a part of die foodgrains production directly or indirectly from the farmers at prices set by the govern ment. These procurement prices are announced before harvest and are usually lower than die free market prices at harvest so that farmers are in effect taxed on the amount they sell to the government. However, in exceptionally good 22 The required conversion of these estimates from price index terms to price terms was made later. Also note that additivity and homogeneity properties are not affected by the intro duction of a .
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. of nitrogen, 7 kg. of phosphaiic and 4 kg. of poiassic fertilizer nuirienis/heciare of gross cropped area. 30 Agriculture, Growth and Redistribution afincóme sixty percent of the total fertilizer used in the country^®.