{"title":"An Empirical Analysis of Supply Response of Food Grains to Changes in Price: Evidence from India","authors":"Jincy Mathew M., Vishwanatha","doi":"10.1177/00194662221138122","DOIUrl":null,"url":null,"abstract":"The issue of food production is very important as it affects growth, food security and poverty. Stable food grain price is also important to have a stable food grain market. This article attempts to study the impact of food price fluctuations on food production based on the annual data from 1962 to 2019 by using Non-linear Auto Regressive Distributed Lag model. The results show that changes in food grain price affects grain production and it is statistically significant. Furthermore, the result of asymmetric cointegration test shows that there is a long-run asymmetric relationship that exists between food production and food grain price. JEL Codes: Q11, C01, C32","PeriodicalId":85705,"journal":{"name":"The Indian economic journal : the quarterly journal of the Indian Economic Association","volume":"71 1","pages":"598 - 611"},"PeriodicalIF":0.0000,"publicationDate":"2023-03-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"The Indian economic journal : the quarterly journal of the Indian Economic Association","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1177/00194662221138122","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
Abstract
The issue of food production is very important as it affects growth, food security and poverty. Stable food grain price is also important to have a stable food grain market. This article attempts to study the impact of food price fluctuations on food production based on the annual data from 1962 to 2019 by using Non-linear Auto Regressive Distributed Lag model. The results show that changes in food grain price affects grain production and it is statistically significant. Furthermore, the result of asymmetric cointegration test shows that there is a long-run asymmetric relationship that exists between food production and food grain price. JEL Codes: Q11, C01, C32
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