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首页> 外文期刊>Margin: The Journal of Applied Economic Research >Production, Procurement and Inflation: A Market Model for Foodgrains
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Production, Procurement and Inflation: A Market Model for Foodgrains

机译：生产，采购和通货膨胀：粮食谷物的市场模型

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摘要

Rapid rise in the prices of foodgrains and their continued upsurge is a matter of concern not only for the government and policy makers but also for anyone concerned with social welfare. This is particularly so because the increased prices of basic food items cause great distress to the poor sections of society who spend a large part of their income on food. Thus, a clear understanding of the causes of inflation is necessary for framing the right policy to tackle the problem. The current study tries to examine how prices are determined in the Indian foodgrain market. This requires a slightly different approach from the conventional demand and supply framework as government intervenes in the market through open-market operations. To this end, we propose a structural model, explaining the behaviour of foodgrain prices for the period 1980-81 through 2011-12 incorporating the role of government interventions. Our results confirm that there is a strong impact of demand- as well as supply-side factors. However, when it comes to controlling inflation, demand-side management turns out to be highly significant. Under supply-side management, increased capital stock is found to be important, in so far as it significantly boosts production. Government intervention through procurement and off-take plays a stabilising role.
机译：粮食价格的迅速上涨及其持续高涨不仅是政府和政策制定者的关切，也是所有关心社会福利的人的关切。尤其如此，因为基本食品的价格上涨使社会上大部分的贫困人口将很大一部分收入用于食品，这给他们带来了极大的困扰。因此，对于制定解决问题的正确政策，必须对通货膨胀的原因有一个清晰的了解。当前的研究试图检验如何确定印度粮食市场的价格。当政府通过公开市场操作干预市场时，这需要与常规供需框架略有不同的方法。为此，我们提出了一个结构模型，解释了1980-81年至2011-12年间粮食价格的行为，并结合了政府干预的作用。我们的结果证实，需求和供应方面的因素都有很大的影响。但是，在控制通货膨胀时，需求侧管理却显得非常重要。在供应方的管理下，发现增加资本存量很重要，因为这可以显着提高产量。政府通过采购和承购的干预起稳定作用。

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