Impact of Size on Growth/Decay of Peasant Farms: Some Evidence from Punjab

H. S. Shergill
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H. S. Shergill: Punjab University

Indian Economic Review, 1991, vol. 26, issue 1, 1-12

Abstract: Marxist theory postulates that in commercialised agriculture 'big farms grow bigger and small ones smaller'. Chayanov, Schumpeter and Gibrat's Law, on the one hand, deny the existence of any definite relationship between size of the enterprise and its growth/decay over time. Our analysis of data on a sample of Punjab farms reveals that the probability of a farm growing/decaying via land market is independent of its initial size. Among farms that have been expanding their owned area by buying land, rate of growth was inversely related to the initial size; however, rate of decay was not related with the initial size in the case of farms that have been losing land.

JEL-codes: Q15 (search for similar items in EconPapers)
Date: 1991
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