Volume : X, Issue : IV, April - 2020
The Role of Inputs in Indian Agriculture: A Post Reform Analysis
Neha Vishwakarma, Suresh Kumar Maurya
Abstract :
This paper attempts to understand the role of inputs in agricultural production in pre and post reform India. In Indian agriculture, there is a clear demarcation between the pre and post economic reform period as far as agriculture is concerned. It is often felt that agriculture has been neglected after 1991 which has led to a marked slowdown. The major objective of this research paper is to study the effect of modern inputs on growth of agricultural output, for which the unrestricted form of Cobb–Douglas Production function has been used. The impact of economic reforms is measured by inserting a dummy variable. Chow test has been used to endogenously determine the structural eak point. Secondary data for last 46 years from 1967–68 to 2012–13 is taken at All India level for purpose of analysis after checking for stationarity. In both pre reform and post reform India land is emerging as the most important input. It is interesting to observe that tractors, power tillers and fertilisers have emerged as the other significant determinants of agricultural output. The results may this indicate that the pattern of Indian agriculture is oriented towards capital use as compared to labour use.
Keywords :
Agricultural output Input use Cobb–Douglas Production function Chow test Stationarity Dummy Variable Economic reforms
Article:
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DOI : 10.36106/ijar
Cite This Article:
THE ROLE OF INPUTS IN INDIAN AGRICULTURE: A POST REFORM ANALYSIS, Neha Vishwakarma, Suresh Kumar Maurya INDIAN JOURNAL OF APPLIED RESEARCH : Volume-10 | Issue-4 | April-2020
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References :
THE ROLE OF INPUTS IN INDIAN AGRICULTURE: A POST REFORM ANALYSIS, Neha Vishwakarma, Suresh Kumar Maurya INDIAN JOURNAL OF APPLIED RESEARCH : Volume-10 | Issue-4 | April-2020
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