Agriculture, Growth and Redistribution of Income: Policy by N.S.S. Narayana, Kirit S. Parikh and T.N. Srinivasan (Eds.)

By N.S.S. Narayana, Kirit S. Parikh and T.N. Srinivasan (Eds.)

This publication provides an empirically predicted utilized common equilibrium version for India and the research of a variety of coverage matters conducted utilizing the version. many of the chapters within the e-book take care of public distribution regulations, international alternate and reduction rules, rural works programmes, phrases of alternate rules, fertilizer subsidy rules and irrigation improvement guidelines. 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 financial system in addition to at the distribution of source of revenue between assorted teams in rural and concrete components and the prevalence of poverty within the economic climate. each one bankruptcy facing coverage research describes the analytical matters concerned, the old context and event of the coverage involved, result of the version eventualities and the coverage insights that emerge

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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^.

Refers to 1981. Refers to 1983-84. Sources: Ministry of Agriculture, Government of India: Area and Production of Principal Crops in India^ 1980-81 and earlier issues; Data on arable land obtained from response to questions in Rajya Sabha by the iMinister of State for Agriculture (Times of India, April 25, 1987, p. 14); Ministry of Finance, Government of India: Economic Survey,\9S6-^1 and earlier issues. The industrial sector, aldiough by no means the dynamic sector it was intended to be, has become considerably diversified.

1 billion. However, the structure of exports in terms of commodities and destinations has been diver- 20 Agriculture, Growth and Redistribution of Income sified. , accounted for nearly 50% of die total value of exports in 1984-85. Trade widi Eastern Europe and developing countries has expanded much faster than the total trade since 1950. The commodity composition of imports has also changed drastically. Share of food in total imports in 1983 was only 7% as compared to 22% in 1965. Share of machinery has declined from 37% to 17% during the same period indicating die extent of import substitution.

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