Output, prices, and the distribution of consumption in rural India
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 ar...
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| Main Authors: | , |
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| Format: | Article (Journal) |
| Language: | English |
| Published: |
14 June 2005
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| In: |
Agricultural economics
Year: 2005, Volume: 33, Issue: 1, Pages: 29-40 |
| ISSN: | 1574-0862 |
| DOI: | 10.1111/j.1574-0862.2005.00240.x |
| Online Access: | Resolving-System, lizenzpflichtig, Volltext: https://doi.org/10.1111/j.1574-0862.2005.00240.x Verlag, lizenzpflichtig, Volltext: https://onlinelibrary.wiley.com/doi/10.1111/j.1574-0862.2005.00240.x 
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| Author Notes: | Clive Bell and Stefan Klonner |
| Summary: | 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. |
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| Item Description: | Gesehen am 14.05.2021 |
| Physical Description: | Online Resource |
| ISSN: | 1574-0862 |
| DOI: | 10.1111/j.1574-0862.2005.00240.x |