Browsing by Author "Jehanzeb"

Now showing 1 - 1 of 1
  • Thumbnail Image
    Item
    Economic Efficiency of the Agrarian Structure in the North West Frontier Province of Pakistan An Econometric Analysis
    (Department of Economics, University of Peshawar. Khyber Pakhtunkhwa, Pakistan, 1999-04) Jehanzeb; Supervised by Dr. Naeem ur Rehman Khattak
    The study entitled “Economic Efficiency of the Agrarian Structure in the North West Frontier Province of Pakistan” is exclusively based on primarily data collected from 200 farmers in NWFP, during 1997-98. The farmers have been selected randomly through the stratified Sampling procedure. For analysis, the sampled farmers are grouped on the basis offarm characteristics such as owners, owner-cum-tenant and tenants on one hand, and small and large farmers on the other. The core objective ofthe study is to quantify the economic efficiency of the agrarian structure in NWFP. In the empirical analysis various econometric techniques have beenused. This included the use of Translog Profit function, Lorenze Curve, Gini Coefficient, Cobb-Douglas Production Function and Linear Programming, etc. Beside these, the Marginal Propensity to Consume (MPC) Net Present Value (NPV), Benefit Cost Ratio (BCR) and Internal Rate of Return (IRR) of various agricultural activities are also computed. The structural differences between different types of farms are determined with the help of Chow-Fratio. The results obtained from various statistical and econometric applications are coherent with the economic theory and of great help for diagnosing the agrarian structure of NWFP. Specifically, it has been discovered that the agrarian structure is inefficient mainly because of the skeweddistribution of operational holdings, difference in farm sizes and level of mechanization, land fragmentation, paucity of irrigation water and provision of creditfacilities. The analysis suggested that the level of inefficiency can be reduced to a greater extent by eliminating disparities of operational holdings. Significant reformative approachof land reform is proposed towards this end. The adoption of mechanization and provision of credit extension canalso help to rebate this inefficiency.