APPLICATION OF THE STOCHASTIC PROFIT FRONTIER MODEL TO ESTIMATE ECONOMIC EFFICIENCY IN SMALL-SCALE BROILER PRODUCTION IN THE GREATER ACCRA REGION OF GHANA

Review of Agricultural and Applied Economics, RAAE, VOL.17, No. 2/2014

ARTICLE TYPE: REGULAR ARTICLE
PUBLISHED: 30.09.2014
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KEYWORDS:
economic efficiency, stochastic profit frontier, broiler production, Ghana
DOI NUMBER:
10.15414/raae.2014.17.02.10-16
ABSTRACT:
This paper applied the stochastic profit frontier model to estimate economic efficiency of 199 small-scale commercial broiler producers in the Greater Accra Region of Ghana. Farm-level data was obtained from the producers through a multi-stage sampling technique. Results indicate that broiler producers are not fully economically efficient. The mean economic efficiency was 69 percent, implying that opportunity exist for broiler producers to increase their economic efficiency level through better use of available resources. Age of producer, extension contact, market age of broiler and credit access were found to significantly influence economic efficiency in broiler production. Policy measures directed at these factors to enhance economic efficiency of broiler producers are recommendable.
JEL CODES:
Q1, Q12, Q120
PAGES:
10 - 16
Please Cite this Article published as:

Raymond K. DZIWORNU, Daniel B. SARPONG (2014) Application Of The Stochastic Profit Frontier Model To Estimate Economic Efficiency In Small-scale Broiler Production In The Greater Accra Region Of Ghana. Review of Agricultural and Applied Economics. XVII (Number 2, 2014): 10-16. doi: 10.15414/raae.2014.17.02.10-16
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Review of Agricultural and Applied Economics | ISSN 1336-9261
Faculty of Economics and Management of the Slovak Agricultural University in Nitra and the Association of Agricultural Economists in Slovakia.
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