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• W1587405432 abstract "This paper examines the presence of stochastic trend in various domestic terms of trade (TOT) series in India. Results suggest that underlying data generating processes of TOT are non-stationary. Subsequently, we investigate the presence of long-run relationship(s) in the agricultural supply response model through cointegration analysis. The error correction estimates suggest that short-run output adjustments in agriculture are not related to TOT changes in a causal manner. However, short-run deviations in TOT create error correction in the long-term output adjustments through changes in technology (irrigation). This may imply that agricultural growth can respond better if price incentives are combined with investments in irrigation." @default.
• W1587405432 created "2016-06-24" @default.
• W1587405432 creator A5091264030 @default.
• W1587405432 date "2005-01-01" @default.
• W1587405432 modified "2023-09-27" @default.
• W1587405432 title "Terms of Trade and Supply Response of Indian Agriculture: Analysis in Cointegration Framework" @default.
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