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Vol. 12, Special Issue 12 (2023)

Price and non-price decision making factors of groundnut area in Karnataka: A supply response approach

Author(s):
Bhoomi Suthar, RS Pundir and Hiral Gundaniya
Abstract:
In this study, an attempt has been made to examine the acreage response of groundnut by using the Nerlovian partial adjustment model. The secondary data from 2002-03 to 2018-19 years on area, production, yield, rainfall etc., for main crop and competitive crop were collected from various official sources. The competitive crop was selected on the basis of statistical criterion by calculating the correlation coefficient between crop area. Negative association was found between lag yield of rice crop. The coefficient of lag area under groundnut crop was positive and significant at one percent level. The regression coefficient of lag area under groundnut crop was 0.70 percent indicated that 1 percent increase in previous year area of groundnut results into 0.70 percent increase the area under groundnut crop.
Pages: 1590-1592  |  140 Views  56 Downloads
How to cite this article:
Bhoomi Suthar, RS Pundir and Hiral Gundaniya. Price and non-price decision making factors of groundnut area in Karnataka: A supply response approach. The Pharma Innovation Journal. 2023; 12(12S): 1590-1592.

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