COTTON ACREAGE RESPONSE TO PRICE IN THE PRE AND POST REFORM PERIOD IN POLLACHI MARKET CENTER OF TAMIL NADU STATE (PART A)
A study of the nature and extent of the cotton acreage response to price changes in a select market centers of Tamil Nadu is important for a wide range of analytical as well as practical significance. Accordingly, the present study examines cotton acreage response to price changes in Pollachi market center of Tamil Nadu state. The results and interpretations of this study are based on two models namely, the adjustment lag model and the traditional model to obtain the response relation. The regressions relating acreage and other variables with alternative price specifications in Pollachi region during the study period reveal that it takes two years and five months for full adjustment (95 percent in the present study) for the acreage to change in its price.
KEYWORDS: cotton, market center, cropping, crop acreage, cotton flows