By N. S. S. Narayana
This publication offers an empirically envisioned 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 care for public distribution rules, overseas alternate and relief regulations, rural works programmes, phrases of alternate regulations, fertilizer subsidy guidelines and irrigation improvement regulations. those regulations are analysed when it comes to their instant and medium time period results on creation, intake and costs of alternative commodities, at the development of the financial 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 economic system. every one bankruptcy facing coverage research describes the analytical matters concerned, the historic context and adventure of the coverage involved, result of the version eventualities and the coverage insights that emerge
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Additional info for Agriculture, Growth, and Redistribution of Income: Policy Analysis With a General Equilibrium Model of India
FAP*s task is to put togedier a linked system of several national models (covering eighty percent of die world) and use die system of models to perform a global general equilibrium analysis of policies towards alleviation of poverty, growdi and development, international trade and interdependence. For linking national models into a global system, all the national modelers had to agree on a sectoral aggregation. (b) Consumer demand equations of the model were based on consumer expenditure surveys.
See Plan ning Commission (1981), NCA (1976)). , less dian 55 percent of the limit. This suggests that there is still a long way to go to reach die limit, and dierefore, the ultimate poten tial was not specified as an asymptote in the functional form for GIA. The ratio of ΝΙΑ to GIA was assumed to remain constant over time. This was estimated by regressing ΝΙΑ on GIA widi no constant term in the equation. NIA^ = μ GIA^ + u^ (3) Aggregate crop intensity. Now, the ACI was specified to be a function of the rainfall and the extent of irrigation in die country (that is, the proportion of ΝΙΑ in NSA), as follows: ACI^ = α + β (NIA/NSAX + τ RIAL^ + δ (RIAL \^ + (4) One should not take equations (3) and (4) togedier to imply diat since the ratio of GIA to ΝΙΑ is fixed (1/μ), ACI varies only because die cropping intensity on unirrigated land varies.
J (31) where j = beef, mutton, etc. Of these products, hides and skins, wool and hair and other livestock products belong to sector 9 of our ten sector aggregate model (to be discussed later). Sector 9 output is measured in constant monetary units (US $). How ever, the rest of the products, such as beef, have to be measured in physical units. From various other data documents (mainly from FAO's Supply Utili zation Accounts), information on the prices of these products of the year 196061 was obtained.