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Agriculture, Growth, and Redistribution of Income: Policy by N. S. S. Narayana

By N. S. S. Narayana

This booklet provides an empirically expected utilized basic equilibrium version for India and the research of quite a lot of coverage matters performed utilizing the version. many of the chapters within the booklet take care of public distribution rules, international alternate and reduction guidelines, rural works programmes, phrases of exchange regulations, fertilizer subsidy regulations and irrigation improvement regulations. those regulations are analysed when it comes to their speedy and medium time period results on construction, intake and costs of alternative commodities, at the development of the economic system in addition to at the distribution of source of revenue between varied teams in rural and concrete components and the occurrence of poverty within the financial system. 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

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40 Agriculture, Growth and Redistribution of Income INVEST^ J EXPIO^ J = investments from the previous year; = net exports of non-agricultural commodity in period (t~l); and PUBFCE^ J = public final consumption of non-agricultural commodities in period (t--l). In equation (43), GRT^ is a proxy for the expected growth rate in toial GDP between periods (t-1) and t or, put another way, we are assuming static expectation with respect to the growth rate of total GDP. The entire right-hand side of equation (43) is the expected total riemand for non-agriculture.

H. h. as t — > <«): NSA^ = 165000/[1 + exp (a h(RlAL\ + c(RIAL)^2 + d(TIME)J (1) where NSAj RIAL^ = net sown area in ICXX) hectares in year t; = rainfall index for all crops in year t (normal = 1(X)); TIME^ exp = 1 for die crop year 1950-51; and = denotes exponential. The total gross cropped area (GCA) in die country is the total NSA multi­ plied by aggregate cropping intensity (ACI). Since ACI depends on the extent of irrigation, let us turn to die irrigated area. Irrigated area. Siricdy speaking, die net irrigated area (ΝΙΑ) should de­ pend on, among odier diings, investmem in irrigation.

Fish production. W e have data on fish production in physical units. " However, in our model, these two catego­ ries were not distinguished. We regressed the number of fishing boats (on which data are also available) on total fish production as follows: H S H Q , = α + β (BOAT), + u, (32) and BOAT (the number of boats) was separately specified as a time trend in 13 See various volumes of BuUetin on Food Statistics and Indian Agriculture in Brief. AGRI Model 37 simulations of the model. However, this specification also was revised later to introduce price sensiüvity.

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