By N.S.S. Narayana, Kirit S. Parikh and T.N. Srinivasan (Eds.)
This e-book provides an empirically expected utilized common equilibrium version for India and the research of quite a lot of coverage concerns conducted utilizing the version. a number of the chapters within the ebook care for public distribution rules, international exchange and relief regulations, rural works programmes, phrases of exchange guidelines, fertilizer subsidy guidelines and irrigation improvement guidelines. those rules are analysed when it comes to their fast and medium time period results on creation, intake and costs of alternative commodities, at the progress of the economic system in addition to at the distribution of source of revenue between diversified teams in rural and concrete components and the prevalence of poverty within the financial system. each one bankruptcy facing coverage research describes the analytical concerns concerned, the old context and adventure of the coverage involved, result of the version eventualities 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
5. 35 MYC^ and MYB^ are base period milk yield rates; and g^, are the trend growth rates in yield rates of cows and buffa loes respectively; WPMLK/WPGRN is die wholesale price index of milk over that of foodgrains; and and are die price elasdcities. Equadons (28) and (29) below are die postulated stock-equations for cows and buffaloes giving milk: Cows in milk: CM^ = Pan · Pew · (TCWA) (WBWA) (WAPH)/NSA)^ (28) where CM^ Pern p^^ TCWA WBWA WAPH = " = = = cows in milk; proportion of cows in milk in total number of cows; proportion of total number of cows in total number of catties; total number of cattie per working bullock; proportion of working bullocks in total number of working ani mals; and = working animals per hectare of net sown area (NSA).
Given these agricultural, rural non-agricultural and urban non-agricultural incomes, aggregate consumption expenditures were computed, using aggregate consumption functions estimated separately for rural and urban regions. These functions, estimated using NCAER(1980) data, relate aggregate mean consumption expenditure to aggregate income under the assumption that consumption and income are jointly and lognormally distributed. Let C,Y be an individual's consumption and income (at target prices) and CBAR, YEAR be mean or expected values of C and Y over all individuals; and c = log C and y = log Y; and let c and y be jointly normally disüibuted, so that c = a, + a^y + V (50) where Υ-Ν(μ^,σ^^ (51) V ~ Ν(0,σ^^ (52) so that c - N[μ^=a^+a2μy, a ^ a ^ a , ^ ^ ^ f53) In estimating aj, a^, and separately for rural and urban areas grouped data from NCAER (1980) on income, savings and population proportions and the data from National Accounts Statistics (CSO) on total national p.
Parikh and Srinivasan et al (1974) and Parikh (1978) analyzed diese data and esdmated fertilizer response functions (18) for several crops under each type of regime. Using diese estimated fertilizer response parameters, we reduced the esdmation problem to scaling these SFTdetermined yield estimates to conform to the observed actual yield levels in die aggregate for each crop. That is, equation (19) was modified by bringing in diese scale factors \ , Now die problem is Max = Σ P^A^(YLD^-0 - ί Μ ϋ Α ^ ( Σ Σ Α ^ ^ - Ρ ^ (19A) where Y L D ^ - = ^llSJi^-^hJ^-ircJJ)] + d,R^ (18A) The estimation was carried out minimizing the error sum of squares Σ Σ (YLD^ - Y L D ^ ' y with respect to s^ and d^.
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.)