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Production Risk and Technical Efficiency of Tilapia Aquaculture in Bangladesh

Author

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  • Md. Akhtarul Alam
  • Atle G. Guttormsen
  • Kristin H. Roll

Abstract

Tilapia is a fast-growing fish that has huge potential for production in Bangladesh. Despite the impressive growth of the industry, production is highly volatile across farms and locations. Both output risk and/or inefficiency will lead to variation in production. While several studies have focused on either technical efficiency or risk, few studies have been conducted on the combined effect of production risk and technical inefficiency. By employing a stochastic production frontier model with flexible risk specification on cross-sectional data from 339 sample farms, this article quantifies the production variability of tilapia farming from two main possible sources: production risk and technical inefficiency. Furthermore, our analyses identify the factors influencing risk and inefficiency. Knowing the source of the variation is vital for farmers and policy-makers in choosing the right strategy to reduce production variation. Our main findings are that significant production risk and technical inefficiency exist in tilapia farming.

Suggested Citation

  • Md. Akhtarul Alam & Atle G. Guttormsen & Kristin H. Roll, 2019. "Production Risk and Technical Efficiency of Tilapia Aquaculture in Bangladesh," Marine Resource Economics, University of Chicago Press, vol. 34(2), pages 123-141.
    • Handle: RePEc:ucp:mresec:doi:10.1086/704129
    DOI: 10.1086/704129
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    Cited by:

    1. Mariska JM Bottema & Simon R Bush & Peter Oosterveer, 2021. "Territories of state-led aquaculture risk management: Thailand’s Plang Yai program," Environment and Planning C, , vol. 39(6), pages 1231-1251, September.
    2. Shikuku, Kelvin Mashisia & Tran, Nhuong & Joffre, Olivier M. & Islam, Abu Hayat Md Saiful & Barman, Benoy Kumar & Ali, Shawquat & Rossignoli, Cristiano M., 2021. "Lock-ins to the dissemination of genetically improved fish seeds," Agricultural Systems, Elsevier, vol. 188(C).
    3. Muhamad Zahid Muhamad & Mad Nasir Shamsudin & Nitty Hirawaty Kamarulzaman & Nolila Mohd Nawi & Jamaliah Laham, 2022. "Investigating Yield Variability and Technical Efficiency of Smallholders Pineapple Production in Johor," Sustainability, MDPI, vol. 14(22), pages 1-18, November.
    4. Frank Asche & Andreea L. Cojocaru & Ruth B. M. Pincinato & Kristin H. Roll, 2020. "Production Risk in the Norwegian Fisheries," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 75(1), pages 137-149, January.
    5. Do, Huu-Luat & Dang Thuy, Truong, 2022. "Productivity response and production risk: A study of mangrove forest effects in aquaculture in the Mekong River Delta," Ecological Economics, Elsevier, vol. 194(C).

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