Research Investment Efficiency and Total Factor Productivity of Acid Lime in Maharashtra
Price: ₹ 500
Author: Rohini Ashok Vilhekar and V.K. Garande
Author Address: Department of Agricultural Economics, Mahatma Phule Krishi Vidyapeeth, Rahuri-413722 (Maharashtra) and Zonal Agricultural Research Station, Ganesh Khind, Pune-411067 (Maharashtra)
Keywords: Fertilizers, income, non-input factors, total output, total revenue.
JEL Codes: Q10, Q16, Q19.
Abstract
The total factor productivity (TFP) indices and sources of TFP growth of acid lime were estimated using the Tornqvist-Theil Index from 1994-95 to 2018-19.The stagnation but positive growth rate of TFP was observed which indicated that the inputs were not efficiently allocated in acid lime cultivation. The total factor productivity index witnessed a growth of 2.17 per cent per annum during Period-I (1994-95 to 2005-06). The improvement in TFP may be due to non-input factors such as research investment, cropping intensity, and balanced use of fertilizers. The research investment (0.18), cropping intensity (1.25), and balanced use of fertilizers (1.44) played a significant role in the growth of TFP of acid lime. An additional investment of one rupee in acid lime research generated an additional income of ?17.49, indicating substantial rates of returns to investment on research in acid lime in Maharashtra. Therefore, it is suggested that the government allocate substantial funds to public research on acid lime to improve its productivity.
Description
Indian J Econ Dev, 2024, 20(3), 602-608
https://doi.org/10.35716/IJED-23485