Format:
12
ISSN:
1574-0862
Content:
This paper analyzes the relation among agricultural output, inflation and the distribution of consumption in rural India, using the Singh-Maddala family to model the entire distribution parametrically. Employing a benchmark case in which growth is distributionally neutral and idiosyncratic shocks are completely smoothed, and using a GMM-estimator to deal with potential simultaneity between output and consumption, we conclude that: (i) growth was not distributionally neutral; (ii) good harvests (relative to trend) yielded improvements according to first-order stochastic dominance; (iii) slow growth before 1980 went with decreasing inequality; (iv) accelerated growth thereafter tended to increase inequality, though yielding improvements according to first-order stochastic dominance; (v) consumption-smoothing was incomplete.
Note:
Gesehen am 14.05.2021
In:
Agricultural economics, Oxford : Blackwell, 1986, 33(2005), 1, Seite 29-40, 1574-0862
In:
volume:33
In:
year:2005
In:
number:1
In:
pages:29-40
In:
extent:12
Additional Edition:
Erscheint auch als Druck-Ausgabe Bell, Clive, 1943 - Output, prices, and the distribution of consumption in rural India 2005
Language:
English
DOI:
10.1111/j.1574-0862.2005.00240.x
URL:
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