Economic Affairs - Official Publication of AESRA
Not a member yet
190 research outputs found
Sort by
Valuation of Forestry in Selected Dryland Areas of West Bengal: A Contingent Valuation Approach
Get PDFThe paper attempts to consider the valuation of forest resources using the contingent valuation method in the dryland areas of West Bengal. The issue is important as forestry plays a pivotal role so far as dependency on natural resources by the forest-fringe dwellers (the major stakeholders) in the dryland regions of the state is concerned. Both ‘dichotomous-choice type’ closed-ended and open-ended cases are considered to examine the willingness to pay by the forest-fringe dwellers to conserve forests in the dryland areas. It has been estimated that the average willingness to pay by the poverty-stricken forest dwellers for the above-mentioned purpose is ` 9.62 per month. Given that the stakeholders are poor, the amount of willingness to pay (though low) shows the willingness of the stakeholders to conserve forests as they cannot survive without it.
JEL Classification: Q20, Q23 and Q5
Economic Efficiency of Milk Procurement in Sirsa Cooperative Milk Plant (Haryana)
Get PDFThe present study was conducted at a cooperative milk plant having the capacity of 1.1 lakh Litre Per Day (LPD). The investigation was carried out to study the cost of procurement and economic efficiency in the cooperative milk plant Sirsa (Haryana). The study shows that procurement cost was ` 1.83 per litre of milk. Among all the cost constituent in procurement process transportation cost had the highest share (43.72 per cent) followed by collection cost (26 per cent), chilling cost (21.86 percent) and reception cost (8.20 per cent)
Departmental Efficiency of Panjab University: An Analysis Using Dea and Tobit Model
Get PDFThe purpose of this paper is to assess the efficiency of teaching departments in Panjab University, Chandighar. The Data envelopment analysis and Tobit analysis is used to assess the teaching and research efficiency of a set of departments. Six models are proposed based on different parameters to cover various drivers of efficiency. We used both Charnes-Cooper-Rhodes (CCR) and Banker, Charnes and Cooper (BCC) output oriented model with three inputs and three outputs. Next, we present some important differences in efficiency of these departments. We also define benchmarks for inefficient departments and quantify the gaps to be fulfilled by them in order to become efficient. Further the robustness of DEA results was tested with help of Sensitivity analysis. The paper provides evidence that among teaching performance, the majority of teaching efficient departments were from the Social Sciences group and over the years, the teaching efficiency of Sciences departments improved and that of the Languages departments decreased. It is further observed that the majority of research efficient departments were from Sciences group, indicating that these departments are good performers for research activities like publications, research projects and paper presented
Agricultural Trade Diversity of India with Asean
Get PDFThe ASEAN is India’s fourth-largest trading partner after the EU, the US and China. Considering the significance of trade relation between India and ASEAN, the present study has been conducted with an objective to analyse the diversity in agricultural trade between India and ASEAN nations. The study has incorporated HS-2 digit codes to classify agricultural products and selected products falling under 01 to 24 chapters, which are agricultural products. Time series data of trade from 2001 to 2015 has been used in the present analysis. To see the importance of ASEAN as a major trading partner, shares of India’s trade with ASEAN relative to world has been computed. It is apparent from the result that India’s import from ASEAN is more than its export for the entire period. Simpsons Index of Diversity has been used to know the degree of diversification in agricultural trade between the two trading partners. The findings concluded that India exports of agricultural products are comparatively diversified with ASEAN compared to its import. The result suggests that there is stability in agriculture export earnings of India from ASEAN which in long run can contribute to the Economic growth
Estimating Volatility in Prices of Pulses in India: An Application of Garch Model
Get PDFAlthough, India is the largest pulse producing country in the world, the production of these crops in the country has shown sluggish growth over the years. Low growth rate coupled with high fluctuations in production of pulses is mainly responsible for poor performance of pulse sector. It also leads to high price variability. Variability in the prices of pulses is a major concern for decision makers. This study was conducted to estimate the volatility in the prices of major pulses (chickpea, pigeonpea, blackgram, greengram and lentil) in India using GARCH model. Results have shown that the volatility in the current period depends on volatility in the preceding period in case of pulses as evident from the significant ARCH term for all the crops. Further, the sum of α and β coefficients has been found more than one for all the pulse crops except pigeonpea in period I thus indicating an explosive price series with a tendency to meander away from mean value. The volatility in the price series of pigeonpea has been found more persistent and explosive in recent period. So, there is a need for regular monitoring of prices and appropriate interventions by the government, when necessary, to make the development of pulse sector more sustainable
Prioritization of Stakeholders in Diffusion of CAU-R Series Varieties in Manipur
Get PDFThis study was conducted in order to understand the importance of the identified stakeholders in terms of power and interest in the diffusion of CAU-R series high yielding varieties of Rice among the farmers of Manipur. Three valley districts namely Imphal East, Thoubal and Bishnupur were purposively selected for the study and 85 stakeholders were identified and prioritised according to “degree of power to” and “degree of interest on” in the successful dissemination of improved technology among the farming fraternity. The results of the study witnessed that the Central Agricultural University, Imphal, the Department of Agriculture, Manipur and the Ministry of Agriculture and Farmers Welfare had high power and high interest in all the three districts along with Krishi Vigyan Kendra Imphal East, Krishi Vigyan Kendra Thoubal and the Regional Rice Research Station in Imphal East and Thoubal districts respectively. The farmers and the Farmer collectives were identified with high interest and low power while the Indian Council of Agricultural Research, Regional Centre, Manipur and Krishi Vigyan Kendra, Imphal West remained with neutral power and interest in all the three districts. The Media comprising mainly of the All India Radio, Doordarshan Television and the local newspaper Sangai express has very low interest as well as power in all the three districts. Through these observations we conclude that stakeholders like farmers and farmer cooperatives who are the actual intenders of the technology with considerable level of interest should be involved into the system for effective planning, decision-making and successful functioning of the innovation system
Climate Variability and Rice Production in North India: A Review
Get PDFVariability in climatic factors is one of the main determinants of agriculture production. Past agrarian studies have shown that variability in rainfall and temperature has decline agriculture production in entire North Indian States. Farmers, especially small and marginal are adversely affected from climate variability. They have less resources and coping strategies against the climatic variability. Rice is the one of important crop for all North Indian State’s people. Level of temperature already reaches to tolerance level of crops and it is increasing day by day. Also variability in rainfall during Kharif cropping season has been reported in all North Indian states. Incidence of extreme climatic events such as drought and flood is also repeated in these areas. Level of carbon dioxide is also increased due to over exploitation of natural resources and industrial activities in these states. Growth in population is much higher in last three decades. So burden on natural resources such as on agriculture is becoming very high. Agriculture sector needs immediate action against climate variability. Mitigation strategies are time taking process. However, an adaptation method is best technique to mitigate consequences of climate variability. Sowing date and use of technological tools are the best adaptive method to minimize the impact of climate variability
Resource Use Efficiency of Maize Cultivation in Bahraich District of Uttar Pradesh
Get PDFStudy on resource use efficiency in maize cultivation was conducted in Tejwapur block of Bahraich district of Uttar Pradesh. Primary data was collected from 100 respondents including three categories i.e. marginal, small and medium sized sample farms. Purposive cum random sampling technique was applied to draw the sample of respondents. Personal interview method of data collection, tabular and functional analysis was applied to bring the study at final stage. Result of study revealed that maize production shows the stage of decreasing return to scale and MVP indicate further scope to invest on four factors included in the study to achieve the position of optimum resource combination and maximization of the profit
Tenant Farming in Punjab: Nature, Pattern and Constraints
Get PDFThe paper has demonstrated slow growth rate of agricultural output, escalating input cost, declining profit margin, fragmentation of land, and unemployment are the symptoms of the Punjab’s economy. In such a situation, it become imperative to study how the tenant farmers survive in farming. To keep in mind the above facts, the present study was undertaken to examine the nature of tenancy system and constraints faced by tenant farmers in the state. The study was based on the primary data, collected from 120 farmers, for all the three agro-climatic zones of Punjab pertaining to the crop year 2017-18. Descriptive tools were used to study the nature of tenancy and mean score was used for constraints analysis. The study highlighted that to make them self employed or fulfill the need of family, tenant farmers took land on leased from cultivator who switched to another sector and migrated in large number outside the country. From the study it was perceived that with the increase of size of holding and majority of tenant farmers adopted land holding to improve the scale of farming and to be economically viable
Gold vs Gold Exchange Traded Funds: An Empirical Study in India
Get PDFThis study aim of this is to estimate the relationship between gold and Gold Exchange Traded Fund (ETF) and the performance of Gold ETFs in India by using various statistical models. The data for the study covers a period of three years from 2015 to 2018. The data was collected from the National Stock Exchange database and other sources. The outcome of this study was to find out whether there is a relationship between gold and Gold ETFs. It was found out that Gold ETFs has more returns than the physical gold; Axis ETF performed the best among those Gold ETFs selected for the study. This study will be beneficial for the market researchers and investors who find the best opportunities in the Gold ETFs