Economic Efficiency of Small-Holder Cocoyam Farmers in Anambra State, Nigeria: A Translog Stochastic Frontier Cost Function Approach
This study employed a translog stochastic frontier cost function to measure the level of economic efficiency and it’s determinants in small-holder cocoyam production in Anambra state, Nigeria. A multi-stage random sampling technique was used to select 120 cocoyam farmers in the state in 2005 from whom input-output data and their prices were obtained using the cost-route approach. The parameters of the stochastic frontier cost function were estimated using the maximum likelihood method. The results of the analysis show that individual farm level technical efficiency was about 59%. The study found age, education and farm size, to be negatively and highly significantly related to economic efficiency at 1.0% while fertilizer use and farmer experience were significant and directly related to economic efficiency at 1.0% and 5.0% levels of probability respectively. No significant relationship was found between economic efficiency and extension visit, family size, credit access and membership of cooperative societies.
|Date of creation:||2007|
|Publication status:||Published in Agricultural Journal (Medwell Online) 4.2(2007): pp. 535-541|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Afriat, Sidney N, 1972. "Efficiency Estimation of Production Function," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 13(3), pages 568-598, October.
- Lau, Lawrence J & Yotopoulos, Pan A, 1971. "A Test for Relative Efficiency and Application to Indian Agriculture," American Economic Review, American Economic Association, vol. 61(1), pages 94-109, March.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:16284. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter)
If references are entirely missing, you can add them using this form.