Economic Efficiency of Maize Production in Swaziland: The Case of Hhohho, Manzini and Shiselweni Regions

M.B. Sihlongonyane (), M.B. Masuku () and A. Belete ()
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M.B. Masuku: University of Swaziland
A. Belete: University of Limpopo

Research in Applied Economics, 2014, vol. 6, issue 3, 179-195

Abstract: The study used a sample of 188 maize farmers to determine the economic efficiency of maize production in Swaziland. Descriptive statistics, Cobb-Douglas production function and Tobit regression were used to analyse the data. The results indicated technical efficiency of 64.7% suggesting that farmers could still improve the technical efficiency by 35.3%. While, allocative efficiency was 99.52%, suggesting that farmers were able to use minimum costs to get a given level of output. In terms of economic efficiency, farmers were 64.3% efficient. They were able to use minimum inputs and at minimum costs for a given level of output. However, farmers could still increase their economic efficiency by 35.7%. Technical Efficiency was affected by formal education (p

Keywords: Allocative efficiency; Cost function Approach; Economic Efficiency; Maize production; Technical efficiency (search for similar items in EconPapers)
Date: 2014
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