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Factor Demand, Output Supply Elasticities and Supply Projections for Major Crops of India

Author

Listed:
  • Kumar, Praduman
  • Shinoj, P.
  • Raju, S.S.
  • Kumar, Anjani
  • Rich, Karl M.
  • Msangi, Siwa

Abstract

Policy planners face the challenge of formulating suitable agricultural policy by which the required growth in domestic production can be achieved. To attain effective food security policy, one needs reliable empirical knowledge about the degree of responsiveness of factor demand and output supply for commodities. This paper is an attempt in this direction and estimates the factor demand and output supply elasticity for major crops grown in India. These elasticities are used to project the domestic supply of major commodities, viz. rice, wheat, pulse grains, nine major edible oilseeds, and sugarcane under various scenarios with and without acreage expansion and TFP growth. The results of supply projections are compared with the food demand and policy prescription to attain food security is suggested.

Suggested Citation

  • Kumar, Praduman & Shinoj, P. & Raju, S.S. & Kumar, Anjani & Rich, Karl M. & Msangi, Siwa, 2010. "Factor Demand, Output Supply Elasticities and Supply Projections for Major Crops of India," Agricultural Economics Research Review, Agricultural Economics Research Association (India), vol. 23(1).
  • Handle: RePEc:ags:aerrae:92090
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    File URL: http://purl.umn.edu/92090
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    References listed on IDEAS

    as
    1. Kumar, Praduman & Mittal, Surabhi, 2006. "Agricultural Productivity Trends in India: Sustainability Issues," Agricultural Economics Research Review, Agricultural Economics Research Association (India), vol. 19(2006).
    2. Kumar, Praduman & Mittal, Surabhi & Hossain, Mahabub, 2008. "Agricultural Growth Accounting and Total Factor Productivity in South Asia: A Review and Policy Implications," Agricultural Economics Research Review, Agricultural Economics Research Association (India), vol. 21(2), December.
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    Citations

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    Cited by:

    1. Tara Mitchell, 2014. "Is Knowledge Power? Competition and Information in Agricultural Markets," The Institute for International Integration Studies Discussion Paper Series iiisdp456, IIIS.
    2. Rahul Anand & Naresh Kumar & Volodymyr Tulin, 2016. "Understanding India’s Food Inflation; The Role of Demand and Supply Factors," IMF Working Papers 16/2, International Monetary Fund.
    3. Thomas, Lijo & Jha, Girish Kumar & Pal, Suresh, 2013. "External Market Linkages and Instability in Indian Edible Oil Economy: Implications for Self-sufficiency Policy in Edible Oils," Agricultural Economics Research Review, Agricultural Economics Research Association (India), vol. 26(2).
    4. Akash Malhotra, 2018. "A hybrid econometric-machine learning approach for relative importance analysis: Food inflation," Papers 1806.04517, arXiv.org.
    5. Akash Malhotra & Mayank Maloo, 2017. "Understanding food inflation in India: A Machine Learning approach," Papers 1701.08789, arXiv.org.
    6. Kumar, Praduman & Joshi, P.K., 2014. "Input Subsidy vs Farm Technology — Which is More Important for Agricultural Development?," Agricultural Economics Research Review, Agricultural Economics Research Association (India), vol. 27(1).
    7. Giraud, Georges, 2013. "The World Market of Fragrant Rice, Main Issues and Perspectives," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association (IFAMA), vol. 16(2).

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    Keywords

    Agricultural and Food Policy;

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