Title
The influence of changes in the market environment on economic production characteristics of pangasius farming in the Mekong Delta (Vietnam)
Author
Faculty/Department
Faculty of Sciences. Bioscience Engineering
Publication type
article
Publication
Providence, R.I. ,
Subject
Economics
Biology
Source (journal)
Marine resource economics / University of Rhode Island. - Providence, R.I.
Volume/pages
25(2010) :4 , p. 373-390
ISSN
0738-1360
ISI
000285669100003
Carrier
E
Target language
English (eng)
Affiliation
University of Antwerp
Abstract
The Mekong Delta in Vietnam has become an important production area for pangasius. The importance of the sector in providing an income to many households means that it is relevant to study its economic production characteristics. In this article we use a stochastic cost frontier model to assess the adaptability of the sector We are particularly interested in the effect of the changing market environment and the exponential growth of the sector on the evolution of production characteristics. We compare data from 2002 with 2006 data. The results show that pangasius farming became more efficient by 2006, with higher returns to scale. We discuss the possible policy implications four findings.
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