The Influence of Changes in the Market Environment on Economic Production Characteristics of Pangasius Farming in the Mekong Delta (Vietnam)
AbstractThe Mekong Delta in Vietnam has become an important production area for pangasius. The importance of the sector in providing an income to many households means that it is relevant to study its economic production characteristics. In this article we use a stochastic cost frontier model to assess the adaptability of the sector. We are particularly interested in the effect of the changing market environment and the exponential growth of the sector on the evolution of production characteristics. We compare data from 2002 with 2006 data. The results show that pangasius farming became more efficient by 2006, with higher returns to scale. We discuss the possible policy implications of our findings.
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Bibliographic InfoArticle provided by Marine Resources Foundation in its journal Marine Resource Economics.
Volume (Year): 25 (2010)
Issue (Month): 4 ()
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Web page: http://www.uri.edu/cels/enre/mre/mre.htm
Pangasius; market analysis; stochastic cost frontier model; efficiency; Mekong Delta; International Development; International Relations/Trade; Production Economics; Productivity Analysis; Research Methods/ Statistical Methods; Q12; Q22;
Find related papers by JEL classification:
- Q12 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets
- Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery
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