IJAIR NAAS Score : 3.99 ,ISSN : 2319-1473

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    A Study of Optimal Cultivation Scale based on Cobb-Douglas Function in Chinese Peasant Household

    Shenrong Gao; Yun Bai and Xia Tong
    In China, the basic units that agricultural products are the scattered farmers, of which the essential characteristic is the small scale production. Based on the field research data from 500 scattered farmers in Jiangsu and Zhejiang and through empirical analysis of Cobb-Douglas production function, the paper presented here aims finds that the production of agricultural products features increasing returns to scale, that the use efficiency of labor force and land element is comparatively low and that the allocative efficiency has not reached the Pareto Optimality which should be achieved by land circulation. Therefore, the government should establish the laws and regularities to motivate farmers’ enthusiasm to be involved in land circulation abiding by the laws
    Select Volume / Issue:
    Year:
    2017
    Type of Publication:
    Article
    Keywords:
    Returns to Scale; Moderate Scale Management; Production Function JEL A1
    Journal:
    IJAIR
    Volume:
    6
    Number:
    3
    Pages:
    456-459
    Month:
    November
    ISSN:
    2319-1473
    Hits: 2580

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