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Agricultural trade liberalization: growth, welfare and large country effects

Author

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  • Kirit S. Parikh
  • N.S.S. Narayana
  • Manoj Panda
  • A. Ganesh Kumar

Abstract

The impacts of trade liberalization for India have been examined with an applied general equilibrium model with nine agricultural actors, one non‐tradeable nonagriculture sector and one tradeable nortagriculture sector and with live rural and live urban expenditure classes. Different scenarios are generated using the model. Since comparison of GDP in two alternative scenarios can be misleading, the policy alternatives are assessed on the basis of their impact on welfare in terms of equivalent incomes of different expenditure classes. A policy is assessed preferable only when the distribution of welfare is found to be preferable in a well defined way. It demonstrates the importance of accounting for large country effects in rice trade and estimates the welfare optimal tariff/quota for rice exports for India—which is shown to be just half a million tons of net export of rice. The results also show that nonagricultural trade liberalization is even more important for agriculture than even agricultural trade liberalization, both of which help accelerate growth.

Suggested Citation

  • Kirit S. Parikh & N.S.S. Narayana & Manoj Panda & A. Ganesh Kumar, 1997. "Agricultural trade liberalization: growth, welfare and large country effects," Agricultural Economics, International Association of Agricultural Economists, vol. 17(1), pages 1-20, October.
    • Handle: RePEc:bla:agecon:v:17:y:1997:i:1:p:1-20
    DOI: 10.1111/j.1574-0862.1997.tb00460.x
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    Cited by:

    1. Koushik Das & Pinaki Chakraborti, 2014. "General Equilibrium Analysis of Strategic Trade: A Computable General Equilibrium Model for India," IIM Kozhikode Society & Management Review, , vol. 3(2), pages 165-181, July.
    2. Amrita Ganguly & Koushik Das, 2017. "Multi-sectoral Analysis of Foreign Investment and Trade Liberalization in India: A CGE Modelling Approach," Global Business Review, International Management Institute, vol. 18(5), pages 1345-1372, October.
    3. Marcel Fafchamps & Ruth Vargas Hill & Bart Minten, 2008. "Quality control in nonstaple food markets: evidence from India," Agricultural Economics, International Association of Agricultural Economists, vol. 38(3), pages 251-266, May.
    4. Ramilison, Eric Norbert, 2006. "Will Madagascar benefit from the South African market opening to SADC goods ?," Conference papers 331461, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    5. ZHANG, Lu & GUO, Qing & ZHANG, Junbiao & HUANG, Yong & XIONG, Tao, 2015. "Did China׳s rare earth export policies work? — Empirical evidence from USA and Japan," Resources Policy, Elsevier, vol. 43(C), pages 82-90.
    6. Manoj K. Panda & A. Ganesh Kumar, 2008. "Trade liberalization, poverty and food security in India abstract: This paper attempts to assess the impact of trade," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2008-013, Indira Gandhi Institute of Development Research, Mumbai, India.
    7. Koushik Das & Pinaki Chakraborti, 2012. "International Trade, Environment and Market Imperfection: A Computable General Equilibrium Analysis for India," South Asian Journal of Macroeconomics and Public Finance, , vol. 1(2), pages 157-190, December.
    8. Shutes, Lindsay & Ganesh-Kumar, Anand & Meijerink, Gerdien W., 2012. "Fluctuating staple prices and household poverty in India," MPRA Paper 40982, University Library of Munich, Germany.
    9. Koushik Das, 2014. "General Equilibrium Analysis of Strategic Trade," Foreign Trade Review, , vol. 49(3), pages 219-245, August.

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