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International Journal of Research in Social Sciences
Year : 2018, Volume : 8, Issue : 11
First page : ( 293) Last page : ( 303)
Online ISSN : 2249-2496.

Reflections on Partial Factor Productivity Based on Empirical Evidences

Dr. Shanmugan K.1, Prakash Baria Bhagirath2

1Associate Professor, Dept. of Business Economics, Faculty of Commerce, The Maharaja Sayajirao University of Baroda, Vadodara, Gujarat

2Research Scholar, Dept. of Business Economics, Faculty of Commerce, The Maharaja Sayajirao University of Baroda, Vadodara, Gujarat

Online published on 2 September, 2019.

Abstract

The importance of the quantity and productivity of individual inputs such as land, labour, capital, etc. has remained critical in explaining considerable proportion both of the economic analysis on the Indian agricultural sector and the agro-oriented policy efforts of the Government. Partial Factor Productivity analysis in the context of Indian agriculture has accumulated an appreciable stock of debates, discussion, theoretical and empirical issues, and other related aspects. A detailed literature review has been undertaken on the major and seminal studies in this area and important insights have been derived in the form of various conceptual and empirical matters pertaining to Partial Factor Productivity analysis. These issues range from measurement and estimation related aspects to the various economic and econometric dimensions of productivity analysis in the context of Indian agriculture. In the course of extracting these analytical insights on the evidences available on Partial Factor Productivities, noteworthy contributions of various studies as well as several limitations and lacunae of existing works were found. Subsequently, it has been concluded that good amount of scope still exists for a more exhaustive, rigorous and empirically richer analysis of both disaggregate and aggregate Partial Factor Productivities and their inter-relationships.

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Keywords

Agricultural Production, Agricultural Productivity, Indian Agriculture, Partial Factor Productivity, Productivity analysis.

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