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- Title
Interlinked Factor Markets and Allocative Efficiency: Evidence from Rural West Bengal, India.
- Authors
Laha, Arindam; Kuri, Pravat Kumar
- Abstract
The issue of the implication of interlinkage of factor markets on the allocative efficiency level of the farm households deserves a special attention in the light of the controversy among two distinct schools of thought: the Neoclassical and the Marxist. An attempt has been made in the paper to measure allocative and cost efficiencies of the interlinked holding vis-à-vis a comparable group of non-interlinked holding in the framework of Data Envelopment Analysis. Empirical evidence establishes the Neo-classical proposition that interlinked factor markets can be considered as one of the "efficiency improving institutional change" in rural agrarian economy.
- Subjects
WEST Bengal (India); INDIA; ALLOCATIVE efficiency (Economics); COST effectiveness; AGRICULTURE; DATA envelopment analysis; MULTIVARIATE analysis
- Publication
Pakistan Development Review, 2011, Vol 50, Issue 1, p29
- ISSN
0030-9729
- Publication type
Article
- DOI
10.30541/v50i1pp.29-45