Factor demand, output supply elasticities and supply projections for major crops of India

Kumar, P. and Shinoj, P. and Raju, S.S. and Kumar, A. and Rich, K.M. and Msangi, S. (2010) Factor demand, output supply elasticities and supply projections for major crops of India. Agricultural Economics Research Review, 23 (1). pp. 1-14.

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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.

Item Type: Article
Author Affiliation: National Centre for Agricultural Economics and Policy Research (NCAP), New Delhi
Subjects: Social Sciences > Agricultural Economics
Divisions: Other Crops
Depositing User: Sandhya Gir
Date Deposited: 28 Jul 2011 08:10
Last Modified: 28 Jul 2011 08:11
URI: http://eprints.icrisat.ac.in/id/eprint/2499

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