An input-specific analysis of the cost efficiency on Lithuanian family farms

Irena Kriksciukaitiene, Tomas Balezentis, Alvydas Balezentis

Research output: Contribution to journalArticle

Abstract

Academic Search Complete
Santrauka (angl.): The productive technology can be analysed in terms of the technical and economic (cost) efficiency. This paper analyses the performance of the Lithuanian family farms in terms of the economic (cost) efficiency. Specifically, the economic efficiency is decomposed across specific inputs in order to identify the major sources of inefficiency. The livestock farms exhibited the highest overall cost efficiency (65%) and input-specific cost efficiencies. The mixed farms were peculiar with a somehow lower level of the cost efficiency (52%). Finally, the crop farms featured the lowest cost efficiency (42%). The dynamic analysis of the input-specific cost efficiencies was presented in the paper.
Original languageEnglish
Pages (from-to)75-82
JournalEconomic science for rural development : production and cooperation in agriculture
Issue number34
Publication statusPublished - 2014

Fingerprint

Family farms
Farm
Economic cost
Livestock
Economic efficiency
Dynamic analysis
Inefficiency
Crops

Keywords

  • Family farms
  • Allocative efficiency
  • Cost efficiency
  • Frontier

Cite this

An input-specific analysis of the cost efficiency on Lithuanian family farms. / Kriksciukaitiene, Irena; Balezentis, Tomas; Balezentis, Alvydas.

In: Economic science for rural development : production and cooperation in agriculture, No. 34, 2014, p. 75-82.

Research output: Contribution to journalArticle

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