Use of Water Resource and Sustainability of Growth in Agriculture
Joydeb Sasmal ()
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Joydeb Sasmal: Vidyasagar University
Chapter Chapter 3 in Resources, Technology and Sustainability, 2016, pp 79-139 from Springer
Abstract:
Abstract This chapter has analysed the importance of water conservation for sustainability of agricultural growth. The elasticity of agricultural production with respect to irrigation is very high and India has achieved significant growth in foodgrains production largely banking on ground water extraction. Using theoretical models and empirical results of time series analysis, this chapter has shown that excess depletion of ground water may make agricultural growth unsustainable in the long run. The effectiveness of price control through taxes and subsidies and crop diversification in favour of less water intensive crops as policy instruments for water conservation have been examined using theoretical models of comparative dynamic analysis and results of the test of cointegration in time series analysis. Mixed results have been obtained in these respects and regional factors like soil characteristics, geographical and agro-climatic conditions and cropping pattern have been found to be important in some cases. A theoretical model has been constructed to demonstrate that optimal public investment by the social planner for harvesting rain water can ensure sustainable balanced growth in agriculture.
Keywords: Comparative Dynamics; Ground Water Stocks; Tube-well Irrigation; Growth Rateof; Thin Growth (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:spr:isbchp:978-981-10-0895-5_3
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DOI: 10.1007/978-981-10-0895-5_3
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