Narayana / Parikh / Srinivasan Agriculture, Growth and Redistribution of Income

Policy Analysis with an Applied General Equilibrium Model in India
1. Auflage 2013
ISBN: 978-1-4832-9106-2
Verlag: Elsevier Science & Techn.
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, Band Volume 190, 319 Seiten, Web PDF

Reihe: Contributions to Economic Analysis

This book presents an empirically estimated applied general equilibrium model for India and the analysis of a wide range of policy issues carried out using the model. The various chapters in the book deal with public distribution policies, foreign trade and aid policies, rural works programmes, terms of trade policies, fertilizer subsidy policies and irrigation development policies. These policies are analysed in terms of their immediate and medium term effects on production, consumption and prices of different commodities, on the growth of the economy as well as on the distribution of income among different groups in rural and urban areas and the incidence of poverty in the economy. Each chapter dealing with policy analysis describes the analytical issues involved, the historical context and experience of the policy concerned, results of the model scenarios and the policy insights that emerge.

Autoren/Hrsg.

Narayana, N. S. S.

Parikh, K. S.

Srinivasan, T. N.

Tinbergen, J.

Inhaltsverzeichnis

1;Front Cover;1
2;Agriculture, Growth and Redistribution of Income: Policy Analysis with a General Equilibrium Model
of India;4
3;Copyright Page;5
4;Table of Contents;9
5;Acknowledgements;8
6;List of Tables;13
7;List of Figures;16
8;CHAPTER 1. A FRAMEWORK FOR POLICY ANALYSIS;18
8.1;1.1. Guiding Principles of India's Development;18
8.2;1.2. Problems in Policy Formulation;20
8.3;1.3. Desiderata for Policy Analysis;21
8.4;1.4. Planning for National Development;24
8.5;1.5. Modeling an Open and Mixed Economy;26
8.6;1.6. Policy Analysis with an AGM;29
8.7;1.7. Scope and Plan of the Book;30
9;CHAPTER 2. INDIAN ECONOMY AND AGRICULTURE SINCE INDEPENDENCE;32
10;CHAPTER 3. A POLICY MODEL FOR AGRICULTURE, GROWTH AND REDISTRIBUTION OF INCOME (AGRI MODEL);38
10.1;3.1. Supply Sub-Models;38
10.2;3.2. Demography;59
10.3;3.3. Distribution of Endowments and Population among Consumer Expenditure Classes;60
10.4;3.4. Demand Sub-Model: Private Final Consumption;66
10.5;3.5. Policy Sub-Models;67
10.6;3.6. Exchange;78
10.7;3.7. Scope, Limitations and Concluding Remarks;78
10.8;Appendix 3.1: Sectors and Commodities in the Model;81
10.9;Appendix 3.2: Updating of Expenditure Class Boundaries;82
10.10;Appendix 3.3: Government Policy Specifications, Bounds and Prices;84
10.10.1;(a) Stocks;84
10.10.2;(b) Consumptions;84
10.10.3;(c) Prices;85
10.10.4;(d) Retail Prices, Raw Prices and Processing Margins;86
10.10.5;(e) Tax-Rate;87
10.10.6;(f) Commodity Prices;88
10.11;Appendix 3.4: Some Econometric Issues in Estimation;89
10.11.1;(a) Crop Revenue Expectations;89
10.11.2;(b) Acreage Responses;90
10.11.3;(c) Yield Functions;92
10.11.4;(d) Groupwise and Cropwise Irrigated Area;93
10.11.5;(e) Distribution of Population and Income across Classes;94
10.12;Appendix 3.5: Sources of Data;96
10.13;Appendix 3.6: The Estimated Equations and Parameters of the Model;98
10.14;Appendix 3.7: Construction of Cropwise Rainfall Indices;120
11;CHAPTER 4. SCHEME OF ANALYSIS AND THE REFERENCE SCENARIO;127
11.1;4.1. Need for and Specification of a Reference Scenario;127
11.2;4.2. Indicators for Comparison of Scenarios;129
11.3;4.3. The Reference Scenario – Specification;132
11.4;4.4. The Reference Scenario — Results;133
11.5;4.5. The Reference Scenario: Concluding Summary;164
12;CHAPTER 5. PUBLIC DISTRIBUTION POLICIES;165
12.1;5.1. The Issues;165
12.2;5.2. Public Distribution System;167
12.3;5.3. Specifications of Alternative Policies and Scenarios;174
12.4;5.4. The Results;175
12.5;5.5. Conclusions;192
13;CHAPTER 6. FOREIGN TRADE AND AID POLICIES;193
13.1;6.1. Indian Foreign Trade and Payment Policies;194
13.2;6.2. Foodgrains Imports;198
13.3;6.3. Foreign Aid;208
13.4;6.4. The Scenarios;210
13.5;6.5. The Results;211
14;CHAPTER 7. RURAL WORKS PROGRAMS;224
14.1;7.1 Why a Rural Works Program?;224
14.2;7.2. Rural Works Programs in India: The Experience;226
14.3;7.3. The Issues;230
14.4;7.4. Specification of Rural Works Program Scenarios;236
14.5;7.5. The Results;240
14.6;7.6. Impact on Growth and Hunger;240
14.7;7.7. Impact of the Size of the Program;241
14.8;7.8. RWP without Additional Taxes or Aid;242
14.9;7.9. Effect of Targeting Failure and Investment Inefficiencies;243
14.10;7.10. RWP as a Mechanism for Targeted Redistribution;243
14.11;7.11. Conclusions;246
15;CHAPTER 8. TERMS OF TRADE POLICIES;247
15.1;8.1. The Issues;247
15.2;8.2. The Scenarios;248
15.3;8.3. The Results;249
15.4;8.4. Concluding Remarks;256
16;CHAPTER 9. FERTILIZER SUBSIDY;257
16.1;9.1. The Issues;257
16.2;9.2. The Scenarios;258
16.3;9.3. Some Important Characteristics of the Model and the Specifications of Fertilizer Subsidy;259
16.4;9.4. The Results;260
16.5;9.5. Concluding Observations;267
17;CHAPTER 10. DEVELOPMENT OF IRRlGATION;272
17.1;10.1. Irrigation Development in India since Independence;274
17.2;10.2. Irrigation Development: The Issues;274
17.3;10.3. The Scenarios;282
17.4;10.4. The Results;282
17.5;10.5. Conclusions;288
18;CHAPTER 11. OVERVIEW: INSIGHTS AND IMPLICATIONS;289
18.1;11.1. Introduction;289
18.2;11.2. What Has Been Done?;289
18.3;11.3. What Has Been Learnt?;291
18.4;11.4. To What Extent do these Results depend on the Peculiarities of the Model?;296
18.5;11.5. How do They compare with Results from other Models?;298
18.6;11.6. Some Reflections on Methods of Analysis;301
19;References;303