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DISTORTED PRICES AND PRODUCER EFFICIENCY - ROMANIAN MAIZE AgEcon
Balint, Borbala; Sauer, Johannes.
This research aims at shedding empirical light on the relative efficiency of small-scale maize producers in Romania. Farmers in transition countries still face heavily distorted price systems resulting from imperfect market conditions and socioeconomic and institutional constraints. To capture such distortions we formulate a stochastic shadow-cost frontier model to investigate the systematic input-specific allocative inefficiency. We further adjust the underlying cost frontier by incorporating shadow price corrections and subsequently reveal evidence on farm specific technical inefficiency. Different models are estimated due to the imposition of curvature correctness and the effects on the individual efficiency estimates are shown. The empirical results...
Tipo: Conference Paper or Presentation Palavras-chave: Efficiency; Shadow Cost Frontier; Functional Consistency; Maize; Romania; Crop Production/Industries; C40; D24; O33.
Ano: 2006 URL: http://purl.umn.edu/14958
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Romanian Maize - Distorted Prices and Producer Efficiency AgEcon
Sauer, Johannes; Balint, Borbala.
This research aims at shedding empirical light on the relative efficiency of small-scale maize producers in Romania. Farmers in transition countries still face heavily distorted price systems resulting from imperfect market conditions and socioeconomic and institutional constraints. To capture such distortions we formulate a stochastic shadow-cost frontier model to investigate the systematic input-specific allocative inefficiency. We further adjust the underlying cost frontier by incorporating shadow price corrections and subsequently reveal evidence on farm specific technical inefficiency. Different models are estimated due to the imposition of curvature correctness and the effects on the individual efficiency estimates are shown. The empirical results...
Tipo: Conference Paper or Presentation Palavras-chave: Efficiency; Shadow Cost Frontier; Functional Consistency; Maize; Romania; Crop Production/Industries; C40; D24; O33.
Ano: 2006 URL: http://purl.umn.edu/25597
Registros recuperados: 2
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