Abstract
This study evaluates how human capital affects agricultural productivity and farmer’s income in Cameroon. Precisely, this study adopts methodologies that evaluate agricultural productivity, establish the stochastic frontier model and specify the returns to human capital. The database used to produce the empirical results is the Third Cameroonian Household Survey conducted by the National Institute of Statistics. Results obtained indicate that an additional year of experience and levels of education increases agricultural productivity. However, an additional year of experience squared denotes that the producer reduced his level of inefficiency. While an additional unit of education reduces the level of inefficiency. In addition, an additional year of education and years of experience squared increases farmer’s income. To provide a solution to the problem of food insecurity, the government should allow farmers to endow more in human capital.
Highlights
The classical economists have identified land, labor and physical capital as the three basic factors of economic growth
Timmer (2002) reports that in countries where the share of agriculture in gross domestic product (GDP) remains high, agricultural productivity can have an impact on total economic growth through “diverted and indirect links” related to human capital
Building on the above observations, this study attempts to answer the following question: what is the effect of human capital on the mechanisms of production and income of agricultural producers in Cameroon? what is the influence of human capital on agricultural productivity? How human capital affects farmer’s income? To answer these questions the main objective of this study is to evaluate the impact of human capital on the mechanisms of production and income of farmers in Cameroon
Summary
The classical economists have identified land, labor and physical capital as the three basic factors of economic growth. In the 1960s neoclassical economists such as Schultz (1961) and Becker (1964) introduced the concept of human capital They argue that the endowment of an educated society, trained and healthy workers allows the efficient use of factors Orthodox. Investment in human capital provides an economic return by increasing both the employment rate and labor income. We can prove this result by examining the levels of education, or by direct measures of human capital such as the results obtained in the capacity assessments of reading, writing and arithmetic. Increasing the intensity coefficient of human capital can www.ccsenet.org/ibr contribute directly to productivity gains at the farm level, facilitating the migration process by lowering costs and improving dietary energy intake that in turn promotes productivity
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