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- W2187227159 abstract "This paper comparatively examines technical and input-specifi c allocative effi ciencies of aquaculture farms in Southwestern, Nigeria. Using a pre-tested and well structured questionnaire, a total of 160 farms were randomly selected from four states (Ondo, Ekiti, Oyo and Ogun states) across the region. The econometric applications of the stochastic frontier production models provide a measure of the technical effi ciency of the farms. The returns-to-scale results shows that an average farm in Ekiti and Osun states exhibit increasing returns-to-scale while those in Ogun and Ondo exhibit decreasing returns to scale. Using estimates from the stochastic frontier production models, we computed the marginal value product and marginal factor cost for the variable inputs, to investigate input-specifi c allocative effi ciency. The results show that none of the farms across the states optimally used the variable inputs considered in the study. Most farms were found to have either underused feeds or overused labour across the states. The estimated technical effi ciency shows that about 11%, 18%, 22%, and 44% of outputs of the farms in Ogun, Ondo, Ekiti and Osun states are forgone due to ineffi ciency, respectively. We suggested that policies that address the improvement in the technical effi ciency of the farms as well as, optimal input utilization will have a great implication on aquaculture development in the country." @default.
- W2187227159 created "2016-06-24" @default.
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- W2187227159 date "2010-01-01" @default.
- W2187227159 modified "2023-09-27" @default.
- W2187227159 title "A COMPARATIVE ANALYSIS OF TECHNICAL AND INPUT-SPECIFIC ALLOCATIVE EFFICIENCIES OF AQUACULTURE FARMS IN SOUTHWESTERN, NIGERIA" @default.
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