scholarly journals Welfare and Distributional Impacts of Financial Liberalization in an Open Economy: Lessons from a Multi-Sectoral Dynamic CGE Model for Nepal

2016 ◽  
Vol 10 (1) ◽  
pp. 181 ◽  
Author(s):  
Keshab Bhattarai
Keyword(s):  
Open Economy ◽  
Financial Liberalization ◽  
Cge Model ◽  
Allocation Of Resources ◽  
Rates Of Return ◽  
Rural Labor ◽  
Urban Households ◽  
Rural And Urban ◽  
Distribution Of Income ◽  
Distributional Impacts

By equalizing rates of return across sectors, financial liberalization improves efficiency and equalizes the distribution of income. Efficiency gained in the allocation of resources increases capital usage more in previously heavily repressed sectors such as agriculture and textile, allowing up to a 19 percent expansion in production and employment. The savings and investment responses, degree of factor substitutions, are higher in the complete liberalization than in partial or piecemeal liberalization. Income, consumption, utility and overall welfare of rural and urban households increase. Liberalization is not effective if savings are used in accumulations of unproductive assets i.e. gold, jewellery, urban land, and foreign exchange. Financial liberalization improves the distribution of income by raising the wage rate of rural labor than for urban labor as rural labour-intensive sectors invest more with increased access to financial institutions and demand more labor to complement additional capital employed in these sectors.

Intra-sectoral and Intersectoral Parity Issues in Pricing of Agricultural Crops: A Preliminary Analysis

1987 ◽  
Vol 26 (4) ◽  
pp. 401-417
Author(s):  
Sarfraz K. Qureshi
Keyword(s):  
Preliminary Analysis ◽  
Agricultural Sector ◽  
Terms Of Trade ◽  
Agricultural Crops ◽  
Allocation Of Resources ◽  
Price Determination ◽  
Policy Makers ◽  
The Government ◽  
Distribution Of Income ◽  
Over Time

Intersectoral terms of trade play a cruc1al role in determining the sectoral distribution of income and resource allocation in the developing countries. The significance of intra-sectoral terms of trade for the allocation of resources within the agricultural sector is also widely accepted by research scholars and policy-makers. In the context of planned development, the government specifies production targets for the agricultural sector and for different crops. The intervention of government in the field of price determination has important implications for the achievement of planned targets. In Pakistan, there is a feeling among many groups including farmers and politicians with a rural background that prices of agricultural crops have not kept their parities intact over time and that prices generally do not cover the costs of production. The feeling that production incentives for agriculture have been eroded is especially strong for the period since the early 1970s. It is argued that strong inflationary pressures supported by a policy of withdrawal of government subsidies on agricultural inputs have resulted in rapid increases in the prices paid by agriculturists and that increases in the prices received by farmers were not enough to compensate them for the rising prices of agricultural inputs and consumption goods.

INCOME AS A SOURCE OF HUMAN CAPITAL DEVELOPMENT IN RURAL AREAS

2020 ◽  
Vol 2 (10) ◽  
pp. 58-63
Author(s):  
O. N. KUSAKINA ◽  
◽  
S. V. SOKOLOV ◽  
Keyword(s):  
Human Capital ◽  
Rural Areas ◽  
Economic Conditions ◽  
Place Of Residence ◽  
Human Capital Development ◽  
Urban Households ◽  
Average Structure ◽  
Rural And Urban ◽  
Consumer Expenditures ◽  
Capital Development

The article is devoted to research of dynamics of disposable resources of rural and urban households; components of disposable resources of households depending on the place of residence (per household member on average); structure of consumer expenditures of rural households based on official statistics for 2018–2020. The presented findings may serve as a basis for justifying the trends in social and economic conditions necessary for the growth of human capital in rural areas.

scholarly journals The Issue of Macroeconomic Closure Revisited and Extended

2016 ◽  
Vol 66 (1) ◽  
pp. 1-31
Author(s):  
Ernő Zalai ◽  
Tamás Révész
Keyword(s):  
General Equilibrium ◽  
Open Economy ◽  
Computable General Equilibrium ◽  
Statistical Data ◽  
Competitive Equilibrium ◽  
Numerical Models ◽  
Cge Model ◽  
Sector Model ◽  
Cge Models ◽  
Policy Simulations

Léon Walras (1874) had already realised that his neo-classical general equilibrium model could not accommodate autonomous investments. In the early 1960s, Amartya Sen analysed the same issue in a simple, one-sector macroeconomic model of a closed economy. He showed that fixing investment in the model, built strictly on neo-classical assumptions, would make the system overdetermined, and thus one should loosen some neo-classical conditions of competitive equilibrium. He analysed three not neo-classical “closure options”, which could make the model well-determined in the case of fixed investment. His list was later extended by others and it was shown that the closure dilemma arises in the more complex computable general equilibrium (CGE) models as well, as does the choice of adjustment mechanism assumed to bring about equilibrium at the macro level. It was also illustrated through several numerical models that the adopted closure rule can significantly affect the results of policy simulations based on a CGE model. Despite these warnings, the issue of macro closure is often neglected in policy simulations. It is, therefore, worth revisiting the issue and demonstrating by further examples its importance, as well as pointing out that the closure problem in the CGE models extends well beyond the problem of how to incorporate autonomous investments into a CGE model. Several closure rules are discussed in this paper and their diverse outcomes are illustrated by numerical models calibrated on statistical data. First, the analyses are done in a one-sector model, similar to Sen’s, but extended into a model of an open economy. Next, the same analyses are repeated using a fully-fledged multi-sectoral CGE model, calibrated on the same statistical data. Comparing the results obtained by the two models it is shown that although they generate quite similar results in terms of the direction and — to a somewhat lesser extent — of the magnitude of change in the main macro variables using the same closure option, the predictions of the multi-sectoral CGE model are clearly more realistic and balanced.

Disparities in digital access among American rural and urban households and implications for telemedicine‐based services

2021 ◽  
Author(s):  
Megan E. Curtis ◽  
Sarah E. Clingan ◽  
Huiying Guo ◽  
Yuhui Zhu ◽  
Larissa J. Mooney ◽  
...  
Keyword(s):  
Urban Households ◽  
Rural And Urban

Rates of Return for Land-Grant Railroads: The Central Pacific System

1970 ◽  
Vol 30 (3) ◽  
pp. 602-626 ◽  
Author(s):  
Lloyd J. Mercer
Keyword(s):  
Nineteenth Century ◽  
Economic Analysis ◽  
Economic Effects ◽  
Land Policy ◽  
Central Pacific ◽  
Rates Of Return ◽  
The Public ◽  
Nineteenth Century America ◽  
American Economy ◽  
Distribution Of Income

Land was the resource that nineteenth-century America possessed in greatest abundance. A large part of the land was initially in the public domain and was transferred to private ownership in the course of the century. Land policy, therefore, had the potential for creating significant and long lasting effects on the American economy—on the rate of settlement of the West, the distribution of income, the rate of economic growth. A substantial body of literature, much of it severely critical, has developed concerning the economic effects of nineteenth-century American land policy. Unfortunately, the criticisms often rest primarily on tales of corruption and thievery, rather than on economic analysis. Certainly many of the stories are true, but they represent an insufficient basis for evaluating the economic effects of land policy. A detailed economic analysis of individual policies is required.

Rehabilitation in Tehri Dam: An evaluation

Social Change ◽  
2001 ◽  
Vol 31 (1-2) ◽  
pp. 110-143 ◽  
Author(s):  
B. K. Sinha ◽  
H. C. Pokhriyal
Keyword(s):  
Common Property ◽  
Rehabilitation Process ◽  
Common Property Resources ◽  
Urban Households ◽  
Positive Externalities ◽  
Rural And Urban ◽  
Tehri Dam ◽  
High Level ◽  
Available Information ◽  
Ownership Rights

In the whole debate of ecological suitability of Tehri Dam, the rehabilitation aspect has been found ignored. Keeping in view of the significance of complete rehabilitation and resettlement of the oustees, the overall rehabilitation process including rural and urban population is analysed in the present paper. In total, 125 villages will be fully or partially submerged affecting more than one lakh population. More than twenty thousand urban populations will also be rehabilitated. It is expected that around 6000 cores of rupees (at 1993 price level) will be spent. Out of which 13% will be spent on the rehabilitation of the oustees. On the basis of the available information, it is found that only 33% of the rural families and 66% of the urban households have actually received the compensation or taken the possession of the land in the new sites. Non availability of land to the rest of the oustee households has been identified as the peculiar dimension of the rehabilitation process. The resettled households in Dehradun and Haridwar districts are facing the problem of geographic continuity, land owner shiprights and absence of institutional mechanism like panchayati raj institutions in the new settlements. The absence of non-farm employment and non-accessibility to the common property resources are the critical problems, including the availability of drinking water, irrigation, primary health and education, which can be observed seen in the rehabilitation sites. The resettlers are unable to adjust with the new environment including a high level of dependency on the market forces for each and every requirement. The partially submerged population is also facing peculiar problems. They will only be given cash compensation without any other compensatory measures. The ‘upstream cost and down stream benefits syndrome’ is strikingly visible in the rehabilitation process. In the urban resettlement process various issues Iike-the validity of survey, classification of urban households and cut off dates are relevant to mention. The positive externalities of the old Tehri town were completely missing in the new urban rehabilitation site. As a whole it can be tentatively said that the process of rehabilitation has been loosely coordinated and badly implemented. The issues of upstream cost, accessibility to common property resources and customary rights are the neglected aspects in the process. The re-organisation of the institutional frame work and granting land ownership rights to the resettlers and quality of the basic amenities are the other inevitable requirements need proper assessment and implementation. The present process of rehabilitation is largely non-participatory and non transparent, which can only be solved through radical measures. These measures are unlikely to be initiated in the present set of Tehri dam administration.

scholarly journals Measurement and Sources of Income Inequality Among Rural and Urban Households in Nigeria

2006 ◽  
Author(s):  
Abayomi Oyekale ◽  
Adetola Ibidunni Adeoti ◽  
Tolulope Olayemi Oyekale
Keyword(s):  
Income Inequality ◽  
Urban Households ◽  
Rural And Urban

scholarly journals Relationship between hypertension, diabetes and proteinuria in rural and urban households in Yemen

2013 ◽  
Vol 27 (9) ◽  
pp. 572-579 ◽  
Author(s):  
P A Modesti ◽  
M Bamoshmoosh ◽  
S Rapi ◽  
L Massetti ◽  
S Bianchi ◽  
...  
Keyword(s):  
Urban Households ◽  
Rural And Urban
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