Interlinked Factor Markets and Allocative Efficiency: Evidence from Rural West Bengal, India

Arindam Laha () and Pravat Kuri

The Pakistan Development Review, 2011, vol. 50, issue 1, 29-45

Abstract: The issue of the implication of interlinkage of factor markets on the allocative efficiency level of the farm households deserves a special attention in the light of the controversy among two distinct schools of thought: the Neoclassical and the Marxist. An attempt has been made in the paper to measure allocative and cost efficiencies of the interlinked holding vis-à-vis a comparable group of non-interlinked holding in the framework of Data Envelopment Analysis. Empirical evidence establishes the Neo-classical proposition that interlinked factor markets can be considered as one of the “efficiency improving institutional change” in rural agrarian economy.

Keywords: Interlinkage; Allocative Efficiency; Rural Credit; Data Envelopment Analysis (search for similar items in EconPapers)
JEL-codes: C87 D61 Q14 (search for similar items in EconPapers)
Date: 2011
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