IDEAS home Printed from https://ideas.repec.org/p/phd/dpaper/dp_2000-12.html
   My bibliography  Save this paper

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

Author

Listed:
  • Salayo, Nerissa D.

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.

Suggested Citation

  • Salayo, Nerissa D., 2000. "Investment Opportunities for the Shrimp Processing Industry in the Philippines: Results from a Hedonic Analysis," Discussion Papers DP 2000-12, Philippine Institute for Development Studies.
  • Handle: RePEc:phd:dpaper:dp_2000-12
    as

    Download full text from publisher

    File URL: https://www.pids.gov.ph/publication/discussion-papers/investment-opportunities-for-the-shrimp-processing-industry-in-the-philippines-results-from-a-hedonic-analysis
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. repec:bla:ecorec:v:47:y:1971:i:117:p:124-29 is not listed on IDEAS
    2. Ian R. Wills & Jane Harris, 1994. "Government Versus Private Quality Assurance For Australian Food Exports," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 38(1), pages 77-92, April.
    3. Laurian J. Unnevehr, 1986. "Consumer Demand for Rice Grain Quality and Returns to Research for Quality Improvement in Southeast Asia," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 68(3), pages 634-641.
    4. Willig, Robert D, 1976. "Consumer's Surplus without Apology," American Economic Review, American Economic Association, vol. 66(4), pages 589-597, September.
    5. John E. Lenz & Ron C. Mittelhammer & Hongqi Shi, 1994. "Retail-Level Hedonics and the Valuation of Milk Components," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 76(3), pages 492-503.
    6. R. Duncan & C. Tisdell, 1971. "Research and Technical Progress: The Returns to Producers," The Economic Record, The Economic Society of Australia, vol. 47(1), pages 124-129, March.
    7. 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(1), pages 1-16, April.
    8. Thomas J. Voon & Geoff W. Edwards, 1992. "Research Payoff from Quality Improvement: The Case of Protein in Australian Wheat," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 74(3), pages 564-572.
    9. 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, May.
    10. 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..
    11. 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 537-541, August.
    12. Jan P. Voon & Geoff W. Edwards, 1991. "The Calculation of Research Benefits with Linear and Nonlinear Specifications of Demand and Supply Functions," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(2), pages 415-420.
    13. R. K. Lindner & F. G. Jarrett, 1978. "Supply Shifts and the Size of Research Benefits," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 60(1), pages 48-58.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Pannell, D. J., 1999. "On the estimation of on-farm benefits of agricultural research," Agricultural Systems, Elsevier, vol. 61(2), pages 123-134, August.
    2. Smed, Sinne & Hansen, Lars Garn, 2018. "Consumer Valuation of Health Attributes in Food," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 43(2), May.
    3. Dey, Madan Mohan & Kumar, Praduman & Chen, Oai Li & Khan, Md. Akhtaruzzaman & Barik, Nagesh Kumar & Li, Luping & Nissapa, Ayut & Pham, Ngoc Sao, 2013. "Potential impact of genetically improved carp strains in Asia," Food Policy, Elsevier, vol. 43(C), pages 306-320.
    4. Will Martin & Julian M. Alston, 1997. "Producer Surplus without Apology? Evaluating Investments in RD," The Economic Record, The Economic Society of Australia, vol. 73(221), pages 146-158, June.
    5. Voon, Thomas Jan P., 1996. "Evaluating Quality Improvement in Nonhomogeneous Agricultural Commodities: The Case of Australian Beef," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 64(02), pages 1-7, August.
    6. Devadoss, S. & Araji, A. A., 1993. "Impacts 0F Breeding And Crop Management Research In Classes Of Wheat On Economic Returns And Exports," A.E. Research Series 305100, University of Idaho, Department of Agricultural Economics and Rural Sociology.
    7. Karipidis, Philippos I. & Galanopoulos, Konstantinos, 2000. "Food Market Value Analysis: Product Quality Improvement, Product Origin Protection and Timing Decisions in Apple Market," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 1(1), pages 1-8, January.
    8. Alston, Julian M. & Freebairn, John W. & James, Jennifer S., 2004. "Levy-funded research choices by producers and society," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 48(1), pages 1-32.
    9. Edwards, Geoff W. & Freebairn, John W., 1982. "The Social Benefits from an Increase in Productivity in a Part of an Industry," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 50(02), pages 1-18, August.
    10. McVey, Marty Jay, 1996. "Valuing quality differentiated grains from a total logistics perspective," ISU General Staff Papers 1996010108000012326, Iowa State University, Department of Economics.
    11. Karipidis, Philippos I. & Tsakiridou, Efthimia & Tabakis, Nikolaos M., 2005. "The Greek Olive Oil Market Structure," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 6(1), pages 1-9.
    12. Veisten, Knut, 2007. "Contingent valuation controversies: Philosophic debates about economic theory," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 36(2), pages 204-232, April.
    13. Richards, Timothy J. & Jeffrey, Scott R., 1995. "Hedonic Pricing of Dairy Bulls - An Alternative Index of Genetic Merit," Project Report Series 24035, University of Alberta, Department of Resource Economics and Environmental Sociology.
    14. Alston, Julian M., 1991. "Research Benefits in a Multimarket Setting: A Review," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 59(01), pages 1-30, April.
    15. Mora Rodriguez, Jhon James, 2013. "Introduccion a la teoría del consumidor [Introduction to Consumer Theory]," MPRA Paper 48129, University Library of Munich, Germany, revised 08 Jul 2013.
    16. Takeshima, Hiroyuki, 2009. "Sensitivity of welfare effects estimated by equilibrium displacement model: a biological productivity growth for semi-subsistence crop in Sub-Sahara African market with high transactions costs," 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin 49287, Agricultural and Applied Economics Association.
    17. Mark D. Agee & Thomas D. Crocker, 2002. "On Techniques to Value the Impact of Environmental Hazards on Children's Health," NCEE Working Paper Series 200208, National Center for Environmental Economics, U.S. Environmental Protection Agency, revised Sep 2002.
    18. Edward C. Jaenicke & Andrea C. Carlson, 2015. "Estimating and Investigating Organic Premiums for Retail‐Level Food Products," Agribusiness, John Wiley & Sons, Ltd., vol. 31(4), pages 453-471, October.
    19. Anthony Lepinteur & Sofie R. Waltl, 2020. "Tracking Owners’ Sentiments: Subjective Home Values, Expectations and House Price Dynamics," Department of Economics Working Papers wuwp299, Vienna University of Economics and Business, Department of Economics.
    20. Daniel McFadden, 2014. "The new science of pleasure: consumer choice behavior and the measurement of well-being," Chapters, in: Stephane Hess & Andrew Daly (ed.), Handbook of Choice Modelling, chapter 2, pages 7-48, Edward Elgar Publishing.

    More about this item

    Keywords

    shrimp industry; investment opportunities;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:phd:dpaper:dp_2000-12. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Aniceto Orbeta (email available below). General contact details of provider: https://edirc.repec.org/data/pidgvph.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.