Estimating Economic Efficiency in Paddy Farms: A Case of Northwest Selangor IADP
Economic efficiency can be measured as allocative and technical efficiency. A study to measure the technical, allocative and economic efficiency of paddy farms using the probabilistic frontier production function was carried out. Results showed that the sample paddy farmers under study are economi...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English English |
| Published: |
Universiti Putra Malaysia Press
1996
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| Online Access: | http://psasir.upm.edu.my/id/eprint/3119/1/Estimating_Economic_Efficiency_in_Paddy_Farms_A_Case.pdf http://psasir.upm.edu.my/id/eprint/3119/ |
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| Institution: | Universiti Putra Malaysia |
| Language: | English English |
| Summary: | Economic efficiency can be measured as allocative and technical efficiency. A study to measure the technical,
allocative and economic efficiency of paddy farms using the probabilistic frontier production function was
carried out. Results showed that the sample paddy farmers under study are economically inefficient. There is
still in technical efficiency a 15 percent potential for in creasing the output of farmers, and a 35 percent
potential in allocative efficiency to increase output optimally. The government should therefore play a part
in directing education, extension, and social change and provide institutional support in order to improve the
farmers' efficiency technically and allocatively. |
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