A DECOMPOSITION ANALYSIS OF GROWTH AND INSTABILITY OF LEGUMINOUS CROPS IN BIHAR
Vishesh Mishra
Doctoral Fellow, Mahatma Gandhi Central University
Devasish Hazarika
Doctoral Fellow, Mahatma Gandhi Central University
Ritumoni Saikia
MA in Economics, Dibrugarh University
Swapnodip Paul
MA in Economics, Dibrugarh University
Daisy Gohain
MA in Economics, Dibrugarh University
Abstract:
Bihar has a very diverse agricultural diversity for producing crops. To maintain high agrarian production, the examination of growth and instability are the right tool for measuring the health of farming. Cost of production is core of economic analysis. It is subjected to maximize output by using given set of input and reducing expenditure on production without decrease in optimal level of output. As we know that agriculture is backbone of the modern civilization which fulfills the need of food security. But, most of the developing countries like India are facing the problem of decline of agriculture share in total output of the countries. The major concerning problem of Indian agriculture is high cost of production especially after the era of green revolution. High cost of production in agriculture leads decrease in profit share of the farmers. The use of input in production process is a continuous process which led beginning to end in production process. Same would be applied in the farm level of crop production, because optimum use of agricultural input must be produced optimum level of agricultural output. To examine growth and pattern of leguminous crops is taken at Bihar. A sound measurement of instability is being examined through three decomposition tools. Leguminous crops are selected for the time period 2000-2020 and data collected from the Comprehensive Cost of Cultivation Scheme published by the Ministry of Agriculture and Farmers’ welfare. The study will indicate also categorized in higher instability and low stability that help to make better policy in crop production.
Keywords: Leguminous Crops, Instability, Interaction Effect, Time Effect, Bihar