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Liberalization of Foodgrain Markets Implications for Food Security and Price Stability

Author

Listed:
  • Jha, S.
  • Srinivasan, P.V.

Abstract

This paper explores through counterfactual simulations the effects of deregulating and liberalizing the foodgrain sector on the costs of price stabilization, production incentives and consumption levels. The outcomes under free trade with trade taxes are compared with those of a regime in which trade is canalized. Equilibrium output, stocks and prices of the three major foodgrains viz. rice, wheat and coarse cereals are determined simultaneously in a multi market set up.

Suggested Citation

  • Jha, S. & Srinivasan, P.V., 1996. "Liberalization of Foodgrain Markets Implications for Food Security and Price Stability," Papers 132, Indira Gandhi Institute of Development Research-.
    • Handle: RePEc:fth:indgan:132
    as

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    More about this item

    Keywords

    DEREGULATION ; PRICES ; TRADE LIBERALIZATION ; FOOD ; CEREALS;
    All these keywords.

    JEL classification:

    • Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness

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