Economic subsidies in agriculture

Investment and Subsidies in Indian Agriculture

One of the principal elements of the economic reforms program initiated in 1991 was to reduce the fiscal deficit of the central government which, at that time, faced a solvency crisis. This reduction was at least partially achieved by reducing transfers to state governments. As a result, state government budgets faced crises and agriculture, being largely a state subject, was denied adequate in...

Economic forecasting in agriculture

Forecasts of agricultural production and prices are intended to be useful for farmers, governments, and agribusiness industries. Because of the special position of food production in a nation’s security, governments have become both principal suppliers and main users of agricultural forecasts. They need internal forecasts to execute policies that provide technical and market support for the agr...

Electricity subsidies for agriculture: Evaluating the impact and persistence of these subsidies in India DRAFT

In India, expenditure on electricity subsidies for agriculture, an input subsidy aimed at improving agricultural productivity and the incomes of the agricultural work force, exceeds that spent on health or education. Yet the benefits and beneficiaries of these policies have been unexplored. This paper develops and empirically tests a model that describes the channels through which these subsidi...

R&D Subsidies and Economic Growth

This paper presents an endogenous growth model in which some firms devote resources to developing higher quality products (innovative R&D) and other firms devote resources to copying these products (imitative R&D). Although consumers benefit from the knowledge created by both types of R&D activities, only innovative R&D subsidies lead to faster economic growth and imitative R&D subsidies actual...

Achieving Global Competitive Agriculture without Protectionist Subsidies - Solving Its Most