The curious case of Indian agriculture

Nilanjan Banik () and Basudeb Biswas ()

MPRA Paper from University Library of Munich, Germany

Abstract: This paper examines association between the cyclical component of agricultural output and rainfall in India. When the cause of food inflation is because of supply shortage driven by inadequate rainfall and poor irrigation facilities, then a contractionary monetary policy may lead to stagflation. Considering agricultural output and rainfall data from four states in India we find evidence in favor of association.

Keywords: Agriculture output; Beveridge-Nelson Decomposition; Rainfall; India (search for similar items in EconPapers)
JEL-codes: E31 (search for similar items in EconPapers)
Date: 2012-04-28
New Economics Papers: this item is included in nep-agr and nep-mac
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Citations: View citations in EconPapers (1)

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