Agricultural Growth and Rural Poverty Reduction in India
Targeting Investments and Input Subsidies
Samenvatting
This book provides a blueprint for the allocation of public expenditures “in” and “for” agriculture at the dis-aggregated state level and suggests a reorientation in favour of disadvantaged regions where the marginal returns on additional investments would be higher. It provides insights into the inter-linkages between public expenditures, private investment, rural poverty, and agriculture productivity from a regional perspective to reflect upon spatial differences in the welfare effects of various investments, subsidies, and policies. The book focuses on agricultural growth and rural poverty reduction through public and private investments, non-farm employment, and other pathways to the formulation of appropriate policies at the dis-aggregated state level. It presents new evidence based on advanced econometric tools for analysing and understanding the relationship between public and private investments in agriculture and input subsidies (fertilizer, power, irrigation, and credit) together with their impacts at the dis-aggregated state level. The book also deliberates on an income based direct support system for farmers as an alternative to the existing input price subsidy regime. Accordingly, the book offers valuable insights not only for researchers working on poverty alleviation, rural economy, and agricultural growth, but also for policymakers.
Specificaties
Inhoudsopgave
<p> I.1 Introduction</p>
<p>I.2 Regional Impacts of Public Expenditure</p>
<p>I.3 Key Questions</p>
<p>I.4 Chapter Scheme </p>
<p> </p>
<p>Chapter II Contextualising Public Intervention in Agriculture and Welfare Effects</p>
<p> II.1 Rationale</p>
<p>II.2 Welfare Effects of Public Spending—A Conceptual Framework </p>
<p> </p>
<p>Chapter III Spatial Patterns in Public Expenditure, Subsidies and Outcomes </p>
<p>III.1 Trends in Public Expenditure and Share of Economic and Social Services</p>
<p>III.2 Investments in Agriculture and Irrigation </p>
<p>III.3 Magnitude of Input Subsidies in Agriculture</p>
<p>III.4 Public Spending Outcomes </p>
<p>III.5 Summing Up</p>
<p> </p>
<p>Chapter IV Size of Private Investment and its Relationship with Public Investment and Input </p>
<p> Subsidies</p>
<p>IV.1 Introduction<br></p>
<p>IV.2 Database and Methodological Approach</p>
<p>IV.3 Structure and Trends in Fixed Capital Expenditure </p>
<p>IV.4 Results from Econometric Analysis </p>
<p>IV.5 Summary and Conclusions</p>
<p> </p>
<p>Chapter V Welfare Effects of Public and Private Investments and Input Subsidies </p>
<p>V.1 Main Hypotheses and Model Estimation<br></p>
<p>V.2 Income and Poverty Effects of Public Spending</p>
<p>V.3 Marginal Returns to Agricultural Income and Rural Poverty Reduction </p>
<p> </p>
<p>Chapter VI Major Findings and Way Forward </p>
<p>VI.1 Key Results and Policy Implications<br></p>
<p>VI.2 Interventions in Input Subsidy Regime</p>