VOLATILITY IN APPLE PRODUCTION AND PRODUCTIVITY IN HIMACHAL PRADESH: AN EMPIRICAL ANALYSIS
Keywords:
Compound Growth Rate, Instability, Production, Productivity, VolatilityAbstract
Volatility in the production and productivity of apple affects the economy of Himachal Pradesh as the apple is the most dominating fruit of the state. The fluctuations in the apple will cause major changes in economic activities and income of the state. Among various aspects, volatility in the production and productivity of apple have assumed utmost importance due to its adverse consequences on income, expenditure, consumption and investment of the apple growers in particular and economy of Himachal Pradesh in general. The present paper is an attempt to calculate the compound growth rate of apple production and productivity in Himachal Pradesh and to measure the magnitude of volatility (instability) in apple.
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