Work

The policy analysis matrix with profit-efficient data: evaluating profitability in rice cultivation

Year: 2008

Type: article

Abstract: This paper combines policy analysis matrix and data envelopment analysis techniques to model the analysis of profitability from farming. Policy analysis matrices are computed for a sample of rice growers located in the wetland of the Albufera (Eastern Spain) under observed conventional and profit-efficient farming conditions. While conventional analysis points to a lack of profitability, farmers are shown to make positive profits at private and social prices when data reflecting efficiency adjustments are used in the analysis. The main conclusion is that the usefulness of the policy analysis matrix might be substantially enhanced by simulating profitability after efficiency-improving managerial decisions have been adopted.

Source: Spanish Journal of Agricultural Research

DOI: 10.5424/sjar/2008063-324

Authors: E. Reig, A.J. Picazo-Tadeo, V. Estruch

Institutions: Universitat de València, Instituto Valenciano de Investigaciones Económicas, Universitat Politècnica de València

Language: English

Topic: Efficiency Analysis Using DEA

Subfield: Management Science and Operations Research

Field: Decision Sciences

Domain: Social Sciences

SDGs: Zero hunger, No poverty

Open Access status: diamond

Funder: Instituto de Estudios Fiscales