The Economics of Milkfish Aquaculture in Iloilo, Philippines
The milkfish (ehanos chanos)industry plays a vital role in the Philippine economy. The industry, however, is facing the problem of low productivity. This study evaluates the efficiency of resource use in milkfish aquaculture. The trans log production and translog prof it functions were estimate...
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| Main Author: | |
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| Format: | Thesis |
| Language: | English English |
| Published: |
1992
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| Subjects: | |
| Online Access: | http://psasir.upm.edu.my/id/eprint/8816/1/FEP_1992_4_A.pdf |
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| Summary: | The milkfish (ehanos chanos)industry plays a vital role in the
Philippine economy. The industry, however, is facing the problem of
low productivity.
This study evaluates the efficiency of resource use in milkfish
aquaculture. The trans log production and translog prof it functions
were estimated using cross-sectional data obtained through a survey of
67 milkfish farmers surveyed in Iloilo, Philippines. In both
functions, the explanatory variables were inorganic fertilizer, seed,
labour, pesticides,age of pond and respondent's experience. Farm size
was entered as dummy variable for small, medium and large farms.
The performance of each farm category was evaluated using economic
indicators such as rate of return on investment, rate of return on
operating cost, ratio of net profit to gross revenues and ratio of net
profit to variable costs. The results showed that the small farms had
performed better than the other farm groups. |
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