Evading Farm Support Reduction Via Efficient Input Use: The Case of Greek Cotton Growers

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Evading Farm Support Reduction Via Efficient Input Use: The Case of Greek Cotton Growers

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Christos Pantzios
Stelios Rozakis (Department of Economics, University of Crete, Greece)
Vangelis Tzouvelekas () (Department of Economics, University of Crete, Greece)

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Abstract

Utilizing a stochastic frontier approach, this paper examines the importance that input-oriented technical and scale efficiency may have for Greek cotton farmers in the context of the current EU cotton policy. To that end, a sample of cotton-growing farms in the representative cotton -producing county of Karditsa (central Greece) is empirically analyzed. The results suggest that the farms examined exhibit decreasing returns to scale and they are both scale and technically inefficient. Moreover, elimination of these inefficiencies could result in considerable gains; the cotton farmers examined could reduce production costs by 46.0%, by becoming both technically and scale efficient. Additionally, we estimate that if cotton farms in the area examined were technically and scale efficient the intervention price reductions (co-responsibility levy) imposed by the EU for excessive cotton production would be smaller for all Greek cotton growers.

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Paper provided by University of Crete, Department of Economics in its series Working Papers with number 0412.

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Length: 25 pages
Date of creation: 00 2004
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Handle: RePEc:crt:wpaper:0412

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Meeusen, Wim & van den Broeck, Julien, 1977. "Efficiency Estimation from Cobb-Douglas Production Functions with Composed Error," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 18(2), pages 435-44, June. [Downloadable!] (restricted)
Aigner, Dennis & Lovell, C. A. Knox & Schmidt, Peter, 1977. "Formulation and estimation of stochastic frontier production function models," Journal of Econometrics, Elsevier, vol. 6(1), pages 21-37, July. [Downloadable!] (restricted)
Atkinson, Scott E & Cornwell, Christopher, 1994. "Estimation of Output and Input Technical Efficiency Using a Flexible Form and Panel Data," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 35(1), pages 245-55, February. [Downloadable!] (restricted)
Fare, Rolf & Knox Lovell, C. A., 1978. "Measuring the technical efficiency of production," Journal of Economic Theory, Elsevier, vol. 19(1), pages 150-162, October. [Downloadable!] (restricted)
William H. Greene, 1993. "Frontier Production Functions," Working Papers 93-20, New York University, Leonard N. Stern School of Business, Department of Economics.
Giannis Karagiannis & Christos Pantzios, . "To comply or Not to Comply with Policy Regulations: The Case of Greek Cotton Growers," Working Papers 9817, University of Crete, Department of Economics.
Kopp, Raymond J, 1981. "The Measurement of Productive Efficiency: A Reconsideration," The Quarterly Journal of Economics, MIT Press, vol. 96(3), pages 477-503, August. [Downloadable!] (restricted)
Welch, F, 1970. "Education in Production," Journal of Political Economy, University of Chicago Press, vol. 78(1), pages 35-59, Jan.-Feb.. [Downloadable!] (restricted)

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