Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/187980 
Year of Publication: 
2008
Citation: 
[Journal:] Pakistan Journal of Commerce and Social Sciences (PJCSS) [ISSN:] 2309-8619 [Volume:] 1 [Publisher:] Johar Education Society, Pakistan (JESPK) [Place:] Lahore [Year:] 2008 [Pages:] 48-55
Publisher: 
Johar Education Society, Pakistan (JESPK), Lahore
Abstract: 
Alternative specifications of model of supply response of Pakistani rice growers and their economic implications are considered in terms of the existences and nature of production lags, and the choice between expected price and gross returns as the preferred explanatory of producer.s response to changing economic condition. The analysis indicates that there are lags which are due primarily to the difficulties and cost of rapid adjustment rather than to the time required to revise expectations. The statistical results were similar for the alternative specification of gross margins and prices as the economic decision available. However, the price elasticities derived using the gross margins specification were about a third of those using the prices specification. The gross margin specification yielded additional information in the form of yield and input cost elasticities.
Subjects: 
Supply response analysis
Rice growers
Pakistan
Creative Commons License: 
cc-by-nc Logo
Document Type: 
Article

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