S K Chakrabarti This paper presents the main results of a statistical inquiry into the factors that have governed the course of cereals prices in India during 1952 to 1970. The reduced form equation for price is derived from a theoretical model of price determination in the cereals market; statistical estimates of the equation (and its variants) are then obtained using all India annual data for the sample period.
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EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.