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Input shadow prices and overall efficiency of vegetable farms in Uzbekistan

Input shadow prices and overall efficiency of vegetable farms in Uzbekistan This paper attempts to estimate overall inefficiency of the sample of vegetable farms in Uzbekistan. Using the duality between the directional input distance function (DIDF) and the cost function, the study reports allocative inefficiency scores in addition to technical inefficiency in the vegetable farming system. Model results suggest for substantial reduction of input costs while maintaining the current level of production technology. Findings imply for better organisation of farming, improving access to market information, and developing extension services. The derived shadow prices of land and labour in the existence of production inefficiency could be of great interest to policy makers and researchers. Insofar as market–based reforms could take place and better incentives are provided, inefficient farmers could learn from farming best practices and adopt innovative and cost–effective ways of farming. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Computational Economics and Econometrics Inderscience Publishers

Input shadow prices and overall efficiency of vegetable farms in Uzbekistan

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References (27)

Publisher
Inderscience Publishers
Copyright
Copyright © Inderscience Enterprises Ltd. All rights reserved
ISSN
1757-1170
eISSN
1757-1189
DOI
10.1504/IJCEE.2015.068663
Publisher site
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Abstract

This paper attempts to estimate overall inefficiency of the sample of vegetable farms in Uzbekistan. Using the duality between the directional input distance function (DIDF) and the cost function, the study reports allocative inefficiency scores in addition to technical inefficiency in the vegetable farming system. Model results suggest for substantial reduction of input costs while maintaining the current level of production technology. Findings imply for better organisation of farming, improving access to market information, and developing extension services. The derived shadow prices of land and labour in the existence of production inefficiency could be of great interest to policy makers and researchers. Insofar as market–based reforms could take place and better incentives are provided, inefficient farmers could learn from farming best practices and adopt innovative and cost–effective ways of farming.

Journal

International Journal of Computational Economics and Econometrics – Inderscience Publishers

Published: Jan 1, 2015

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