The Desirable Form of Openness for Indian Agriculture

Servaas Storm

Cambridge Journal of Economics, 2001, vol. 25, issue 2, 185-207

Abstract: How open should a developing country's agriculture be to the world economy? What are the medium-term effects for growth and income distribution of "close" integration with world agricultural markets through trade liberalisation and domestic reform? And what are the implications of the "strategic" integration of agriculture with world markets? Using a dynamic computable general equilibrium model, these questions are addressed for the Indian economy. The simulation results show that the costs of "close" integration are large and unevenly distributed, irrespective of whether the agricultural reform is immediate or gradual. One form of "strategic" integration is operationalised that yields more desirable outcomes in terms of growth and income distribution. The paper also compares the effectiveness of the two policy regimes in coping with an adverse supply shock. Copyright 2001 by Oxford University Press.

Date: 2001
References: Add references at CitEc
Citations: View citations in EconPapers (2)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:cambje:v:25:y:2001:i:2:p:185-207

Ordering information: This journal article can be ordered from
https://academic.oup.com/journals

Access Statistics for this article

Cambridge Journal of Economics is currently edited by Jacqui Lagrue

More articles in Cambridge Journal of Economics from Cambridge Political Economy Society Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK.
Bibliographic data for series maintained by Oxford University Press ().