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- Title
TAX POLICY AND FOOD SECURITY: A DYNAMIC ANALYSIS.
- Authors
Gopalakrishnan, Pawan; Saha, Anuradha
- Abstract
We investigate the sectoral and the distributional effects of a food subsidy program, where food consumption in the economy is subsidized by taxing the manufacturing good producers. In a two-agent model comprising of farmer and industrialist households, agents consume food to accumulate health. Simulations indicate that while the subsidy program increases food output and agents' health both in the short run and the long run, manufacturing output and aggregate real GDP appear to fall in the short run and increase only in the long run. The program does not make both agents better off and exhibits social welfare gains for a limited range of subsidies.
- Subjects
FISCAL policy; FOOD security; NUTRITION policy; FOOD prices; SOCIAL services; FOOD consumption; SUBSIDIES
- Publication
Macroeconomic Dynamics, 2021, Vol 25, Issue 3, p795
- ISSN
1365-1005
- Publication type
Article
- DOI
10.1017/S1365100519000580