Estimate the Resource use Efficiency in Production of Chick-Pea in Chhattisgarh, India
Shashank Sharma *
Department of Agricultural Economics, Kumari Devi Chobey, CoA and Research Station, IGKV, Saja, Bemetara, CG, India.
Sneha Pandey
Department of Agricultural Economics, CoA, Rajmata Vijayaraje Scindia Krishi Vishwa Vidyalaya, Gwalior, MP, India.
Anjali Verma
College of Fisheries, Kawardha, Dau Vasudev Chandrakar Kamdhenu vishwavidyalaya, Durg, CG, India.
*Author to whom correspondence should be addressed.
Abstract
The study is based on 225 respondents of various size-groups, marginal, small, medium and large. Cobb-Douglass production function was applied for estimating resource use efficiency of chick-pea cultivation. Objective of the study is to workout resource use efficiency of chick-pea cultivation. Value of R2 was observed as 0.7940, which explaining that 79.40 per cent variation in yield of chick-pea crop was explained by included factor in the study area. MVP (Marginal Value Product) of all included factors were found more than unity, explaining that there is further scope of investment on this factor to realizing optimum production.
Keywords: Cobb-Douglas production function, resource use efficiency, marginal value product, elasticities and functional analysis