Tag

economies_of_scale

2 cards

DevelopmentObservational Study
Increasing Scale Economies in Smallholder Agriculture
Constant returns to scale was rejected (F-value = 6.16, p = 0.0131), confirming increasing economies of scale with input elasticities for land (0.133, p < 0.05), labor (0.827, p < 0.01), capital (0.070, p < 0.05), and intermediate inputs (0.477, p < 0.01).
Firms & operationsRCT
Microenterprise Product and Inventory Diversification
Grace period clients expanded their product offerings by 6.05 additional types of goods and services relative to the control mean of 5.607 (p < 0.05), enabling entrepreneurs to capture wholesale volume discounts and expand customer reach.