Output, prices, and the distribution of consumption in rural India

• Verfasst von: Bell, Clive
• Verfasst von: Klonner, Stefan
• Titel: Output, prices, and the distribution of consumption in rural India
• Verf.angabe: by Clive Bell and Stefan Klonner
• Jahr: 2005
• Umfang: 12 S.
• Illustrationen: graph. Darst
• Titel Quelle: In: Agricultural economics
• Ort Quelle: Hoboken, NJ : Wiley-Blackwell, 1986
• Jahr Quelle: 2005
• Band/Heft Quelle: 33(2005), 1, Seite 29-40
• ISSN Quelle: 0169-5150
• Sprache: eng
• Bibliogr. Hinweis: Erscheint auch als : Online-Ausgabe: Bell, Clive, 1943 - : Output, prices, and the distribution of consumption in rural India. - 2005
• Form-SW: Aufsatz in Zeitschrift
• K10plus-PPN: 1625732732

Abstract

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.