The Effect of the Labor and Capital Components on the Production of the Agricultural Sector in Jordan Using the Cobb-Douglas Production Function

Dr. Adnan Abdelkarim Thiabat, Dr. Salameh S. Al-Nawafah, Dr. Mohammad Nassar D. Almarshad and Instructor, Business Management, Al-Balqa Applied University, Jordan
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Dr. Adnan Abdelkarim Thiabat: Lecturer, Economy and management in agriculture, Al-Balqa Applied University, Jordan
Dr. Salameh S. Al-Nawafah: Associate Professor, Development Administration, Al- Balqa Applied University, Jordan
Dr. Mohammad Nassar D. Almarshad: Mosa Qasim al-Qaryouti

Journal of Agriculture and Crops, 2023, vol. 9, issue 1, 32-41

Abstract: The goal of mixing the four production elements: land, capital, labor, and organization is to achieve the most significant production at the lowest cost [1]; it can be said that work and capital are among the essential elements in the production process. Therefore, combining these two elements is one of the most critical decisions that determine productivity, especially in the Cobb-Douglas function; the agricultural sector is one of the most productive sectors in each country. The percentage of its participation in the local product varies from country to country. Still, the strategic importance in this sector is due to the verified food security. The agricultural sector in Jordan is less involved in local production, but it is the sector that is witnessing growth in all stages of the study; although this sector is suffering from marginalization, it still produces. The study focused on the intensity of the production elements and the yield stage in increasing or decrease reliability. The researchers reached some results: the agricultural sector in Jordan suffers from sluggish employment and persuasive unemployment, and the agricultural sector in Jordan is in decline. Therefore, they recommended restructuring workers in the agricultural sector and taking careful employment studies.How to Cite: Dr. Adnan Abdelkarim Thiabat, Dr. Salameh S. Al-Nawafah,Dr. Mohammad Nassar D. Almarshad, Mosa Qasim al-Qaryouti, 2022. "The Effect of the Labor and Capital Components on the Production of the Agricultural Sector in Jordan Using the Cobb-Douglas Production Function." Journal of Agriculture and Crops, vol. 9, pp. 32-41.

Keywords: Labor; Capital; Cobb-Douglas; Agricultural sector (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:arp:jacarp:2023:p:32-41

DOI: 10.32861/jac.91.32.41

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