 Input shadow prices and overall efficiency of vegetable farms in UzbekistanAziz A. Karimov International Journal of Computational Economics and Econometrics, 2015, vol. 5, issue 2, 164-182 Abstract: This paper attempts to estimate overall inefficiency of the sample of vegetable farms in Uzbekistan. Using the duality between the directional input distance function (DIDF) and the cost function, the study reports allocative inefficiency scores in addition to technical inefficiency in the vegetable farming system. Model results suggest for substantial reduction of input costs while maintaining the current level of production technology. Findings imply for better organisation of farming, improving access to market information, and developing extension services. The derived shadow prices of land and labour in the existence of production inefficiency could be of great interest to policy makers and researchers. Insofar as market-based reforms could take place and better incentives are provided, inefficient farmers could learn from farming best practices and adopt innovative and cost-effective ways of farming. Keywords: vegetable production; DIDF; directional input distance function; Uzbekistan; shadow prices; overall efficiency; computational economics; vegetable farms; agriculture; cost function; technical inefficiency; farming organisation; market information; extension services; production inefficiency; best practice. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ids:ijcome:v:5:y:2015:i:2:p:164-182 Access Statistics for this article More articles in International Journal of Computational Economics and Econometrics from Inderscience Enterprises Ltd |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.