OECD Agricultural Trade Reforms Impact On India's Prces and Producer's Welfare

The welfare of the producers are analysed with the main focus on small farmers. The analysis presented in the paper is an approximation of the general equilibrium analysis. The four parts of this approximation are: first, the estimation of the world price effect of removal of OECD (Organisation for Economic Co-operation and Development) distortions; second, estimation of the effects of changes in world prices on domestic prices through a price transmission model; third, estimation of the impact on domestic production through a supply response model; and, four, the estimation of changes in supply and welfare on the poor small farmers [WP No.195].