The Responsiveness of Rice Area to Price and Production Costs in Jambi
Ordinary least squares and seemingly unrelated regression procedures were used to analyze the impacts of changes in rice prices and production costs on Jambi rice planted area. Regional response models were estimated over the 1986-2013 period. Supply-inducing prices of rice were estimated as a funct...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Hasanuddin University
2015-05-01
|
| Series: | International Journal of Agriculture System |
| Subjects: | |
| Online Access: | http://pasca.unhas.ac.id/ojs/index.php/ijas/article/view/29 |
| _version_ | 1828084898141831168 |
|---|---|
| author | Edison Edison |
| author_facet | Edison Edison |
| author_sort | Edison Edison |
| collection | DOAJ |
| description | Ordinary least squares and seemingly unrelated regression procedures were used to analyze the impacts of changes in rice prices and production costs on Jambi rice planted area. Regional response models were estimated over the 1986-2013 period. Supply-inducing prices of rice were estimated as a function of effective rice support prices and average market prices. Expected production costs per hectare were estimated using lagged actual total variable cash production expenses per hectare. Estimated short-run price and production cost elasticity were found to be inelastic at the regional level. However, the magnitudes of the production cost elasticity were found to be greater than the price elasticity. Estimated longrun elasticity at the Jambi level was inelastic for changes in price but elastic for changes in production costs. Although area response varied across regions, similar relationships were found between price and production cost elasticity. |
| first_indexed | 2024-04-11T04:32:24Z |
| format | Article |
| id | doaj.art-3b8ee999bc824ee48b38f18e74104a09 |
| institution | Directory Open Access Journal |
| issn | 2337-9782 2580-6815 |
| language | English |
| last_indexed | 2024-04-11T04:32:24Z |
| publishDate | 2015-05-01 |
| publisher | Hasanuddin University |
| record_format | Article |
| series | International Journal of Agriculture System |
| spelling | doaj.art-3b8ee999bc824ee48b38f18e74104a092022-12-29T03:41:56ZengHasanuddin UniversityInternational Journal of Agriculture System2337-97822580-68152015-05-012213313910.20956/ijas.v2i2.2929The Responsiveness of Rice Area to Price and Production Costs in JambiEdison Edison0Faculty of Agriculture, University of JambiOrdinary least squares and seemingly unrelated regression procedures were used to analyze the impacts of changes in rice prices and production costs on Jambi rice planted area. Regional response models were estimated over the 1986-2013 period. Supply-inducing prices of rice were estimated as a function of effective rice support prices and average market prices. Expected production costs per hectare were estimated using lagged actual total variable cash production expenses per hectare. Estimated short-run price and production cost elasticity were found to be inelastic at the regional level. However, the magnitudes of the production cost elasticity were found to be greater than the price elasticity. Estimated longrun elasticity at the Jambi level was inelastic for changes in price but elastic for changes in production costs. Although area response varied across regions, similar relationships were found between price and production cost elasticity.http://pasca.unhas.ac.id/ojs/index.php/ijas/article/view/29responsivenessrice areaprice and production costs |
| spellingShingle | Edison Edison The Responsiveness of Rice Area to Price and Production Costs in Jambi International Journal of Agriculture System responsiveness rice area price and production costs |
| title | The Responsiveness of Rice Area to Price and Production Costs in Jambi |
| title_full | The Responsiveness of Rice Area to Price and Production Costs in Jambi |
| title_fullStr | The Responsiveness of Rice Area to Price and Production Costs in Jambi |
| title_full_unstemmed | The Responsiveness of Rice Area to Price and Production Costs in Jambi |
| title_short | The Responsiveness of Rice Area to Price and Production Costs in Jambi |
| title_sort | responsiveness of rice area to price and production costs in jambi |
| topic | responsiveness rice area price and production costs |
| url | http://pasca.unhas.ac.id/ojs/index.php/ijas/article/view/29 |
| work_keys_str_mv | AT edisonedison theresponsivenessofriceareatopriceandproductioncostsinjambi AT edisonedison responsivenessofriceareatopriceandproductioncostsinjambi |