Rural poverty and relative prices in India
研究了1956-83年印度农村贫困的长期下降趋势和短期波动，发现短期波动主要由农业产出和农产品相对价格变化解释，而相对价格上升会加剧贫困。
This paper begins with the observation that there has been a trend decline, albeit small, in rural poverty during 1956-83, but this is obscured by the substantial short-run fluctuations around the trend. It argues that while the trend is attributable to redistributive policies, the short-run fluctuations are adequately explained by the fluctuations in agricultural output and in relative prices of agricultural products vis-a-vis manufactures. In view of the finding that rising relative agricultural prices increase rural poverty, the paper goes on to analyze the process of determination of relative prices. This analysis highlights the characteristics of the inflationary process and the role of agricultural price policy in the Indian economy. Copyright 1989 by Oxford University Press.