Blar i NIBIO Brage på forfatter "Kumbhakar, Subal Chandra"
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Are diversification and structural change good policy? An empirical analysis of Norwegian agriculture
Alem, Habtamu; Lien, Gudbrand; Kumbhakar, Subal Chandra; Hardaker, J. Brian (Journal article; Peer reviewed, 2018-06-29)We investigated whether diversification and/or structural change would improve Norwegian agriculture. Using a flexible technology approach to account for different technologies, we assessed economies of scope and scale of ... -
Endogeneity, heterogeneity, and determinants of inefficiency in Norwegian crop-producing farms
Lien, Gudbrand; Kumbhakar, Subal Chandra; Alem, Habtamu (Journal article; Peer reviewed, 2018-04-27)This paper addresses the endogeneity of inputs and output (which is mostly ignored in the stochastic frontier (SF) literature) in the SF panel data model under the behavioural assumption that firms maximize returns to the ... -
Production Function and Farmers' Risk Aversion: A Certainty Equivalent-adjusted Production Function
Lien, Gudbrand; Kumbhakar, Subal Chandra; Mishra, Ashok K. (Peer reviewed; Journal article, 2023-06-08)Faced with risky yields and returns, risk-averse farmers require a premium to take risks. In this paper, we estimate individual farmers’ degrees of risk aversion to adjust for the risk premium in returns and to replace the ...