Impact of Economic and Non-Economic Factors on the Output of Bell Metal Firms of Assam: 25425
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https://doi.org/10.35716/IJED-25425
Author: Dipankar Das and Rangalal Mohapatra
Author Address: Department of Economics, Sikkim University, 6th Mile, Tadong, Gangtok-737102 (Sikkim)
Abstract
Despite
being a significant contributor to Assam’s economy, the bell metal industry has
been confronting several challenges. Applying the regression method and the input-oriented
Data Envelopment Analysis (DEA) of Banker, Charnes, and Cooper (BCC) model on the
primary data of 138 bell metal firms of Sarthebari of Assam, the study empirically
estimated the impact of economic and non-economic challenges, including the
firm’s technical efficiency, on the value of bell metal production. The results
revealed that the cost of raw materials, wages, production days, and firms’ technical
efficiency were significant factors in determining the value of bell metal
output. Middlemen had negative and significant impacts on production. The findings
underscored the need for targeted policy interventions to equip artisans with education,
training, and skills, thereby enabling them to access markets and technology
directly.
Keywords:
BCC
model of DEA, C-D production function, geographical indicators, MSME.
JEL CODES: C14, D24, L26, L61, O34.