AN EMPIRICAL ASSESSMENT OF ECONOMIC EFFICIENCY OF OKRA IN MIDDLE GUJARATVikesh Rami, Mahida Navghan, Sakilahemad A. Saiyed, Khushvir Singhand Hoilenting
In order to find out the efficiency of resources used by okra growers, taking gross income as dependent variable Cobb Douglas production function was employed. This analysis indicated that cost of seed, fertilizers, manure, irrigation, plant protection chemicals and tractor charges have exerted positively significant influence on the gross income. The value of co-efficient of multiple determinations (R2) was 0.8827 which showed that 88.27 per cent variation in the gross income was explained by the independent variables included in the function. The sum of regression co-efficient was (0.8998) indicating decreasing return to scale.