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Investment Opportunities for the Shrimp Processing Industry in the Philippines: Results from a Hedonic Analysis

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  • Salayo, Nerissa D.
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    Abstract

    The Philippine shrimp industry is beset with production problems arising from disease infestation. With declining production and low per capita consumption, this paper sees the opportunities from value-adding, either by enhancing the shrimp product attributes desired by domestic consumers or from reducing or eliminating the unwanted attributes. This paper used a comparative-statics analysis to estimate economic returns that form the basis for suggesting investment opportunities for the shrimp processing industry. The estimation of economic surplus applied hedonic prices of product characteristics obtained from a previous study. The range of producer and consumer gains suggests that there are broadly three groups of value-adding processes.

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    File URL: http://serp-p.pids.gov.ph/serp-p/download.php?d=45&s=3
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    Bibliographic Info

    Paper provided by Philippine Institute for Development Studies in its series Discussion Papers with number DP 2000-12.

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    Length: 21
    Date of creation: 2000
    Date of revision:
    Handle: RePEc:phd:dpaper:dp_2000-12

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    Web page: http://www.pids.gov.ph/
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    Keywords: shrimp industry; investment opportunities;

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    1. Duncan, R & Tisdell, Clem, 1971. "Research and Technical Progress: The Returns to Producers," The Economic Record, The Economic Society of Australia, vol. 47(117), pages 124-29, March.
    2. Willig, Robert D, 1976. "Consumer's Surplus without Apology," American Economic Review, American Economic Association, vol. 66(4), pages 589-97, September.
    3. Wills, Ian R. & Harris, Jane, 1994. "Government Versus Private Quality Assurance For Australian Food Exports," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 38(01), April.
    4. Rosen, Sherwin, 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb..
    5. J. P. Voon, 1991. "Measuring Research Benefits From A Reduction Of Pale, Soft And Exudative Pork In Australia," Journal of Agricultural Economics, Wiley Blackwell, vol. 42(2), pages 180-183.
    6. Stanley, Linda R & Tschirhart, John, 1991. "Hedonic Prices for a Nondurable Good: The Case of Breakfast Cereals," The Review of Economics and Statistics, MIT Press, vol. 73(3), pages 537-41, August.
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