Vol. 1 No. 2 (2012)
Full Research Articles

Efficiency and Farm Size in Philippine Aquaculture. Analysis in a Ray Production Frontier Framework

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  • Xavier Irz,
  • James Stevenson
Xavier Irz
MTT Agrifood Research Finland Economic Research
James Stevenson
Food and Agriculture Organization of the United Nations
DOI: https://doi.org/10.13128/BAE-10556

Published 2012-07-31

Keywords

  • Aquaculture,
  • inverse relationship,
  • ray production function,
  • efficiency,
  • land reform

How to Cite

Irz, X., & Stevenson, J. (2012). Efficiency and Farm Size in Philippine Aquaculture. Analysis in a Ray Production Frontier Framework. Bio-Based and Applied Economics, 1(2), 175–198. https://doi.org/10.13128/BAE-10556
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Abstract

We investigate the existence of an inverse relationship (IR) between farm size and technical efficiency in Philippine brackishwater pond aquaculture. The study is motivated by the exemption of fish ponds from the Comprehensive Agrarian Reform Laws and suggestions in the literature of inefficient management of fish farms. The analysis of technical efficiency is based on the estimation of a multi-product ray production function estimated in a stochastic frontier framework. There is some evidence of an IR but of only limited strength. Hence, it is unlikely that agrarian reform is the key to unlocking the productive potential of brackishwater aquaculture in the Philippines.
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