Food price policy and income distribution in low-income countries

Description

Abstract: The component parts of a general equilibrium analysis relating price policy to income distribution is delineated. Data relative to the effects of price change on a variety of these component parts are presented. Discussion is focused on five major topics: direct effects of foodgrain price changes on distribution of income among consumers; direct effects of foodgrain price changes on distribution of income among producers; effect of relative changes in agricultural prices on agricultural production; effects of agricultural price policy on equipment; and major policy implications.