Indian Journal of Economics and Development
  • Year: 2018
  • Volume: 14
  • Issue: 1a

Effect of Liberalization on Growth and Instability in Area Production and Yield of Major Cereal Crops in Maharashtra

Department of Agricultural Economics, Mahatma Phule Krishi Vidyapeeth, Rahuri-413722 District Ahmednagar

*Corresponding author's email: vijay.waiwal@gmail.com

JEL Codes: F13, F68, O44, P32, Q18.

Abstract

The growth in agricultural production along with low instability is highly desirable. The objective of this study was to investigate effect of liberalization on growth and instability in area, production and yield of major cereal crops in Maharashtra. The finding of the study revealed positive and encouraging trends for maize and paddy among the cereals for area and production. The yield trend for all cereals except paddy was positive and significant. In Maharashtra, the area, production, and productivity of major cereals crops indicated that relatively lower instability in Post-WTO period than Pre-WTO period. The instability indices were higher for production due to area instability.

Keywords

Cuddy-Della Valle index, growth, instability, major cereals area, production, yield