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The objective in this paper is to suggest an alternative method of estimating farmer-specific and input-specific allocative efficiency, taking into account the influence of the methods of application of inputs on output. Further, we compare the proposed measures with those calculated based on...
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In the literature, technical efficiency is measured as the ratio of observed output to potential output. Although there is no a priori theoretical reasoning, in the stochastic framework of measuring technical efficiency, the potential output is defined as a neutral shift from the observed...
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In production economics, one of the most interesting questions is that of the causal relationship between technical efficiency and allocative efficiency. This as yet remains a puzzle without a unique answer. There are a few theoretical analyses conceptualizing the relationship, but consensus has...
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Regional dimensions of a national economy are important in policy making when there are large inter-regional differences in the level of development, growth and resources. In the Indian context, inter-state variations in economic growth and development have attracted continued research and...
Persistent link: https://www.econbiz.de/10010781171