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

Author

Listed:
  • Arindam Laha

    (Department of Commerce, the University of Burdwan, India)

  • Pravat Kumar Kuri

    (Department of Economics, the University of Burdwan, India)

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.

Suggested Citation

  • Arindam Laha & Pravat Kumar Kuri, 2011. "Interlinked Factor Markets and Allocative Efficiency: Evidence from Rural West Bengal, India," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 50(1), pages 29-45.
    • Handle: RePEc:pid:journl:v:50:y:2011:i:1:p:29-45
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    More about this item

    Keywords

    Interlinkage; Allocative Efficiency; Rural Credit; Data Envelopment Analysis;
    All these keywords.

    JEL classification:

    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • C87 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Econometric Software
    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance

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