Estimating Supply Response of Oilseeds Crop in Bangladesh by Using Cointegration Analysis and Vector Error Correction Model

• 발행기관: 한국농업경제학회
• 저자명: Nazma Akter Jai-Hong Kim Seungjee Hong
• 간행물 정보: 『농업경제연구』52권 3호, 1~20쪽, 전체 20쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2011.09.30

영문 초록

Oilseeds supply response is very important for policy decision regarding oilseeds production as well as mitigation of the high demand of oilseeds in Bangladesh. Previous studies based on Nerlovian model resulted in spurious regression problem which can be overcome by using cointegration analysis and vector error correction model (VECM). This study attempts to investigate the influence of price and non-price factors on supply response of oilseeds in Bangladesh by using VECM. The results show that long-run elasticities are higher than short-run elasticities. Also own price elasticity of oilseeds and cross price elasticities are high in the long-run because of their commercial nature. Irrigation area has a positive impact on acreage of oilseeds as it is winter crop, so production could be decreased without irrigation. The results imply that government of Bangladesh should focus on the factors that affect the price elasticity and formulate the policies that ensure the profitable price to the producers.

목차

Ⅰ. Introduction

Ⅱ. Methodology

Ⅲ. Data and Model

Ⅳ. Results and Discussion

Ⅴ. Conclusions and Implications

키워드

Oilseeds Bangladesh Supply Response Vector Error Correction Model