A Simulation Framework to Study Policy Formulation and Evaluation of Economic Viability and Sustainability of Small and Marginal Farmers
This paper proposes an economic computational agent-based framework, referred to here as FarmSIM, to model the micro-level economic and financial behaviour of farmers. We model macro-level external environmental impacts of costs, prices and rainfall through a set of flexible power functions. The framework allows us to trace a “digital future” of a farming community over a number of “seasons”, effectively offering the ability to test an appropriate policy on the community. FarmSIM may provide a valuable test-bed for gaining a direct insight into economic viability and sustainability issues in relation to policy implementation. The paper suggests an evaluation framework, FarmSIM, to assess the efficacy of policy formulation by Governments and other institutions concerned before the policies are implemented. The paper demonstrates the utility of FarmSIM by posing important questions relevant to pricing, profitability and indebtedness in the farming community in the form of simulation models within the FarmSIM framework. Realistic data are used to assess the dynamics and the effects of interactions of core variables over time.
Volume (Year): 17 (2010)
Issue (Month): 1 (June)
|Contact details of provider:|| Postal: |
Phone: (66-2) 288-1234
Fax: (66-2) 288-1000
Web page: http://www.unescap.org/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Xavier Giné & Robert Townsend & James Vickery, 2008.
"Patterns of Rainfall Insurance Participation in Rural India,"
World Bank Economic Review,
World Bank Group, vol. 22(3), pages 539-566, October.
- Gine, Xavier & Townsend, Robert & Vickery, James, 2007. "Patternsof rainfall insurance participation in rural India," Policy Research Working Paper Series 4408, The World Bank.
- Xavier Giné & Robert Townsend & James Vickery, 2007. "Patterns of rainfall insurance participation in rural India," Staff Reports 302, Federal Reserve Bank of New York.
- Srijit Mishra, 2007.
"Agrarian scenario in post-reform India: A Story of distress, despair and death,"
Indira Gandhi Institute of Development Research, Mumbai Working Papers
2007-001, Indira Gandhi Institute of Development Research, Mumbai, India.
- Srijit Mishra, 2007. "Agrarian Scenario in Post-reform India - A Story of Distress, Despair and Death," Development Economics Working Papers 22338, East Asian Bureau of Economic Research.
- Srijit Mishra, 2007. "Agrarian Scenario in Post-reform India:A Story of Distress, Despair and Death," Working Papers id:1019, eSocialSciences.
When requesting a correction, please mention this item's handle: RePEc:unt:jnapdj:v:17:y:2010:i:1:p:27-62. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Macroeconomic Policy and Development Division, ESCAP)
If references are entirely missing, you can add them using this form.