Abstract
This article studies the role of social capital on cotton production efficiency and productivity for a sample of small farms in Maharashtra, India using data envelopment analysis. Input shadow prices are computed as an indicator of the importance of social capital relative to other inputs. Results suggest social capital to be the input with the highest contribution to production efficiency after land. The Luenberger indicator is used to assess the productivity improvement associated to an investment in social capital, which is found to be on the order of 12%. Undertaking collective production activities is found to play an important role in improving productivity. This is especially relevant to agricultural households facing important economic and institutional restrictions that make it difficult to increase conventional (expensive) inputs.
Original language | English (US) |
---|---|
Pages (from-to) | 892-903 |
Number of pages | 12 |
Journal | European Journal of Operational Research |
Volume | 240 |
Issue number | 3 |
DOIs | |
State | Published - 2015 |
Externally published | Yes |
Keywords
- Data envelopment analysis
- Directional derivatives
- Directional distance function
- Efficiency
- Productivity
ASJC Scopus subject areas
- Information Systems and Management
- Computer Science(all)
- Modeling and Simulation
- Management Science and Operations Research