Transaction Costs and Evolution of New Institutions in Farmers’ Managed Irrigation System in Nepal

Authors

  • Ram Chandra Bhattarai Department of Economics, Patan Multiple Campus, Tribhuvan University
  • Tara Prasad Bhusal Associate Professor of Economics at Central Department of Economics, Tribhuvan University

DOI:

https://doi.org/10.3126/ejdi.v19i1-2.17699

Keywords:

Transaction costs, Irrigation system, Institution, Management, Farmers

Abstract

The paper examines the impact of transaction costs on institutional development and agricultural productivity in Nepal and analyzes the factors influencing transaction costs. A field survey of in the Kathmandu and Palpa districts of Nepal, reveals that transaction costs amount to 3 %of the net farm return and 3.3 % of the total cost of production. It is rational for farmers to invest in ensuring reliable irrigation and better institutional management because farmers with reliable irrigation and better institution reported higher productivity.

Economic Journal of Development Issues

Vol. 19 & 20 No. 1-2 (2015) Combined Issue, page: 1-21

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Author Biographies

Ram Chandra Bhattarai, Department of Economics, Patan Multiple Campus, Tribhuvan University

Professor

Tara Prasad Bhusal, Associate Professor of Economics at Central Department of Economics, Tribhuvan University

Associate Professor

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Published

2017-07-07

How to Cite

Bhattarai, R. C., & Bhusal, T. P. (2017). Transaction Costs and Evolution of New Institutions in Farmers’ Managed Irrigation System in Nepal. Economic Journal of Development Issues, 19(1-2), 1–21. https://doi.org/10.3126/ejdi.v19i1-2.17699

Issue

Vol 19 & 20 (2015)

Section

Articles

License

© Department of Economics, Patan Multiple Campus, Tribhuvan University